Responding to Misrepresentation in Professional Conduct

As an investment professional, it is critical to uphold the integrity and reputation of the investment profession. The CFA Institute Code of Ethics and Standards of Professional Conduct provide guidelines on how to navigate ethical dilemmas.

One of the core principles underscores the importance of maintaining professional conduct and adhering to applicable laws. Consider a scenario where a CFA charterholder discovers that a colleague is misrepresenting the performance of an investment fund to a client. According to the CFA Institute’s Code and Standards, how should the charterholder respond to uphold their responsibilities?