Nancy Arnold's resume claims she will soon obtain a CFA charter while misstating her major. What does this violate?

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Nancy Arnold's situation clearly demonstrates a violation of both the Standards on misrepresentation and reference to the CFA designation.

The Standard on misrepresentation addresses the obligation of members and candidates to provide accurate information about their qualifications and experience. By inaccurately stating that she will soon obtain a CFA charter, Nancy is misleading potential employers or clients regarding her qualifications, which violates this standard.

Additionally, the Standard on reference to the CFA designation specifically governs how individuals may reference or imply their progress toward obtaining a CFA charter. By claiming she will soon obtain this designation while knowing her major is misstated, Nancy not only misrepresents her qualifications but also fails to adhere to the proper conditions under which individuals can refer to the CFA charter.

Thus, the combination of these misrepresentations clearly signifies a breach of both standards, making the correct answer the one that includes both violations.