Jeremy Carter, CFA, works as an equity analyst and has recently taken over the coverage of North American bank research. The previous analyst for the sector has been promoted to VP of equity research and has asked Carter to maintain recommendations for most of the covered banks. As this is common practice in his firm, Carter agrees to this request. In maintaining the recommendations, which of the following statements is most correct? Carter has: not violated CFA standards, as he is following company practices not violated CFA standards, as there is a reasonable basis for the recommendation violated CFA standards