Question 1: Clifford Roach is a portfolio manager for Ginger Investments. Historically Roach has been paid a constant percentage of assets under management for his services; however, after a recent change in the compensation structure at Ginger, Roach is being compensated based on quarterly performance. Management at Ginger made this internal decision in order to better incentivize their managers to outperform for their clients. Consequently, Roach increases the risk of the portfolios that he manages. No disclosures of the change in compensation structure have been made to clients of Ginger. Roach has most likely:

Group of answer choices

Violated both Standard III(C): Suitability and Standard VI(A): Conflicts of Interest

Standard III(C): Suitability only

Standard VI(A): Conflicts of Interest only

Question 2: Tim Evans and Ernesto Hodges have both recently been awarded the CFA charter. They update their business cards and resumes as follows:

Tim Evans describes himself as one of only two qualified CFAs at my firm."

Ernesto Hodges replaces his name on his business card with Ernesto Hodges, CFA." Which of the following statements is most accurate?

Group of answer choices

Both Evans and Hodges are in compliance with the Standards.

Evans is in compliance with the standards, but Hodges is not.

Neither Evans nor Hodges is in compliance with the Standards.