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While it would be customary to report both five-year and ten-year performance data, Seminole Equity Partners has been in existence for only eight years. Because of this, Kurt Dambach does not report ten-year data but reports for both five years and since the inception of the fund. This he notes in a footnote at the bottom of the information sheet. This action is: A. a violation of the Standard concerning prohibition against misrepresentation. B. a violation of the Standard concerning performance presentation. C. in accordance with the Code and Standards since he has indicated the basis in a footnote. |