According to CFA Institute Standards, which statement about Judy Albert's business card is correct?

In the context of CFA Institute Standards, when evaluating business cards and professional representations, it's critical to adhere strictly to the guidelines regarding the use of designations and candidacy disclosures. The correct statement indicates that both Judy Albert and Tye have indeed violated the Standards.

For Judy Albert, the violation stems from her improper use of the CFA designation on her business card. The CFA Institute requires that individuals use the designation correctly; improper formatting or claiming the status of a credential that has not been fully earned misrepresents their qualifications. This is essential to maintain the integrity and trust in the financial profession.

Tye's violation relates to the lack of disclosure regarding his candidacy for the CFA exam. The Standards are explicit about the necessity for candidates to clarify their status when they have not yet attained the designation. This transparency is crucial as it informs potential clients or employers about their qualifications.

Hence, the assessment that both individuals have violated the Standards is supported by their failure to meet these crucial compliance and ethical guidelines established by the CFA Institute.