busterbluth

For Q2, I think the violation is to Standard VII--responsibilites as a CFA (p139-140)... the violation come from "improperly using an assocation with CFA Institute to further personal or professional goals."
--it's a position as a CFA society member, and she's exerting her position to get professional gain by only using her own clients and brokers.


For Q3, look on p258, "His compliance with these duties is judged as of the time an investment decision is made, and not with the benefit of hindsight or subsequent developments, no on the outcome of his investment decisions."
It's basically saying that as long as you having the reasonable basis at the time of the transaction, that unexpected outcomes don't violate your fiduciary responsibility. It's an on-going process, but as long as you exercise prudent care, you won't be accountable for something unforeseeable.