CFA Practice Question

CFA Practice Question

Which of the following is incorrect with respect to performance presentation?
A. A general claim to firm performance should be based on all (rather than a subset) of accounts.
B. Choosing only two years of past returns as the firm's past investment performance is a violation.
C. A money manager who has been with a firm for over two years cannot use his or her investment record from a past firm.
Explanation: Can use investment record from a past firm as long as it is specified that it was achieved while working for another firm. Full disclosure as to the source of the historical performance is required by the Standards, as long as this is provided there is no prohibition in using past performance.

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