18.Zeller and Toffler have both passed Level II of the CFA Exam Program. Zeller circulates a resume stating that he is a candidate for the CFA designation and has passed Level II of the CFA Program. Toffler circulates a resume stating that he is a CFA II. Which of the following statements is true?

a.Both Zeller and Toffler have violated the Code and Standards.

b.Neither Zeller nor Toffler has violated the Code and Standards.

c.Only Zeller has violated the Code and Standards.

d.Only Toffler has violated the Code and Standards.

19.Stone, a financial analyst, follows the Amity Paving Company for his employer. Which of the following scenarios is Stone least likely to have to disclose to his employer:

a.Stone's participation on Amity's board of directors.

b.Stone's personal relationship with the CEO of Amity.

c.The fact that Stone's son worked at Amity as a laborer during the summer while in school.

d.Stone's ownership of Amity securities.