ap0258

Am not sure if you are focussing much on ethics or is it me who is focussing very less..
And for your query, I guess you read it wrong. XYZ is basically a firm and it complies with the CFAI soft dollar standards. i.e. it is voluntary for a firm to comply with CFAI soft dollar standards and if it complies then any violation can lead to problems . And you are very right that a firm cannot be a CFAI member. So a read error from your side I suppose.
I hope u get it.