The written investment mandate for a client's portfolio specifies that the portfolio be invested in U.S. large-cap stocks. In order to improve the risk-adjusted performance of the portfolio, Ken invests a small percentage of portfolio assets in a small-cap ETF. Has Ken violated the Standards of Professional Conduct?

		No. This is permitted under Standard III. A. Loyalty, Prudence, and Care.
		Yes. He violated Standard III. C. 2. Suitability
		No. This is permitted under Standard V. A. Diligence and Reasonable Basis

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