Edward Witten works for Princeton Investments and has registered to take Level III exam next year. He had taken the Level III exam 3 years ago but was not successful. In his firm's promotional material, he has stated that he is a candidate in the CFA program and has successfully passed Level II. Edward has:

Edward Witten works for Princeton Investments and has registered to take Level III exam next year. He had taken the Level III exam 3 years ago but was not successful. In his firm’s promotional material, he has stated that he is a candidate in the CFA program and has successfully passed Level II. Edward has:

Edward Witten works for Princeton Investments and has registered to take Level III exam next year. He had taken the Level III exam 3 years ago but was not successful. In his firm’s promotional material, he has stated that he is a candidate in the CFA program and has successfully passed Level II. Edward has:
A . violated Standard II (A) – Use of Professional Designation. He cannot claim to be in the CFA program without having completed Level III exam.
B . violated Standard II (A) – Use of Professional Designation. He cannot claim to be in the CFA program since he failed the Level III exam.
C . not violated any standards.
D . violated Standard II (A) – Use of Professional Designation. He cannot claim to be CFA – Level I

Answer: C

Explanation:

Standard II (A) – Use of Professional Designation, states that a person must be registered to take the next higher level of the exam to be a "candidate" in the CFA program. That Edward failed on his last attempt does not prevent him from claiming that he’s a candidate, as long as he has registered for the exam.