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Allen Parsons, a CFA candidate, suspects a colleague at his firm of engaging in an illegal activity. Which of the following statements about procedures for compliance involving Standard I(A), Knowledge of the law is NOT correct? Parsons: A. should urge his firm to attempt to persuade the perpetrator to cease such conduct. B. is required to report this legal violation to the appropriate governmental or regulatory organizations. C. should consult counsel to determine whether the conduct is, in fact, illegal. |