ethics question from CFA candidate source

hi guys

I’ve suffered this for a while, unfortunenately still suffer.

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So why does not “guranteed 5% of return” cause any violation? In accordance with 1-3 Misrepresentaion, nobody must guarantee expect return, but suggest target return. Am I wrong about it?

You stopped bolding at the good part!

The guarantee is backed by an investment grade life insurance company - this is ok. He isn’t saying he will guarantee that performance, but rather an institution will cover such loses/minimum returns.

Check out the fourth paragraph under standard I© in the curriculum.

Thank you very much, Nereites!

An eye opener… Thanks