lan, a CFA charterholder, manages a private equity fund that invests in several countries. lan undertakes thorough research to identify potential investments. However, he does not keep records of his research. To facilitate support for the investments, lan regularly pays bribes to government officials. Ian reports these bribes to the fund investors as operating expenses required for the success of the investment Required: Drawing on your knowledge, fully explain whether each of lan's actions violate the CFA Institute Standards of Professional Conduct. Your answer should entail identifying the relevant Standard and explaining whether it is violated. (12 marks)