::
The correct answer
is A.
Brown is not in
violation of the Code and Standards; this is because his claims of the merits of being a CFA Institute member
are facts. The program enhances portfolio
management skills and enables managers to handle client affairs in a more informed manner. Brown has ceased to be
a member of the CFA Institute, and he
cannot identify himself as such since he
has not paid his annual dues or signed the professional
conduct statement. However, he is not in violation by merely referring
to the years in which he was an active member.