问题如下：
To improve his professional skill, Barry, a pension fund manager, decided to participate in the CFA Program recently. In the fund’s prospectus, soft dollar policies are precisely described. If Barry use the fund’s soft dollar account to pay the registration and exam fees for the CFA Program, will he violate the Code and Standards?
选项：
A. He will not violate the Code and Standards.
B. He will violate the Code and Standards because the reasonable use of the soft dollar account does not contain the professional skill enhancement.
C. He will violate the Code and Standards because the CFA Program can not be regarded as research permitted to be purchased with brokerage commissions.
解释：
C is correct.
Based on Standard III(A) Loyalty, Prudence, and Care, if Barry decided to participate in the CFA Program, the related registration and exam fees should be regarded as a personal expense, which can not be covered by the fund’s brokerage commissions. Although soft dollar accounts can be used to purchase research services, the services must directly contribute to the investment decision making process, the educational expense can not be regarded as research.
是不是只有研究类的才可以作为soft dollar的其他用途？感觉c的翻译不是很直接，可以直译下吗？
