Based on the information presented by client Ron Grayson, what action has Graham Carson likely taken regarding standards?

The correct answer indicates that Graham Carson has likely maintained compliance with both suitability and diligence standards in his dealings with client Ron Grayson. This suggests that Carson has conducted himself in a manner consistent with ethical guidelines that dictate financial professionals need to ensure that their recommendations are suitable for the client's unique financial situation and objectives.

Maintaining compliance implies that Carson has thoroughly assessed Grayson’s financial needs, goals, and risk tolerance, and has made investment recommendations that align with those factors, as well as ensuring that he has exercised diligent care in his practices. This adherence to standards provides a foundation of trust and integrity in the advisor-client relationship, reflecting a commitment to ethical practices in financial services.

In this context, other options, such as violating suitability standards or failing to properly assess Grayson's risk tolerance, would indicate a failure to meet the necessary ethical obligations. Therefore, affirming compliance with both suitability and diligence positions Carson as a responsible and ethical advisor.