A. Incorrect because according to Standard IIIB), Fair Dealing, members and candidates must deal fairly and objectively with all clients when providing investment analysis, making investment recommendations, taking investment action, or engaging in other professional activities. There is nothing to suggest that Joshi has not dealt fairly and objectively with her clients. So, there is no violation of Standard III (B). B. Correct because Standard IIID). Performance Presentation, requires members and candidates to provide credible performance information to clients and prospective clients and to avoid misstating performance or misleading clients and prospective clients about the investment performance of members or candidates or their firms. This standard encourages full disclosure of investment performance data to clients and prospective clients. By not disclosing that the results related to the product were simulated Joshi has violated the Standard C. Incorrect because according to Standard III(B), Fair Dealing, members and candidates must deal fairly and objectively with all clients when providing investment analysis, making investment recommendations, taking investment action, or engaging in other professional activities. There is nothing to suggest that Joshi has not dealt fairly and objectively with her clients. So, there is no violation of Standard III (B).