Ali Haider is responsible for calculating his firm's performance returns. He notices that the return for November is impressive if he includes a new account which started in mid-November and excludes an account which exited in early-November. In calculating performance returns the firm's policy is to include accounts which exited during the month. Furthermore, performance numbers of new accounts are to be considered only after they have been with the firm for a period of one month. In reporting the performance for November, Haider omits the exited account and includes the new account. Is this a violation of the CFA ethical standards is so which one's and why?

Ali Haider is responsible for calculating his firm"s performance returns. He notices that the return for November is impressive if he includes a new account which started in mid-November and excludes an account which exited in early-November. In calculating performance returns the firm"s policy is to include accounts which exited during the month. Furthermore, performance numbers of new accounts are to be considered only after they have been with the firm for a period of one month. In reporting the performance for November, Haider omits the exited account and includes the new account. Is this a violation of the CFA ethical standards is so which one's and why