In an RFP, a firm uses an old organisational chart and guarantees a minimum 5% of investment return. Question says which is inconsistent with Standard 1C Misrepresentation, answer is: use of the old organisational chart as 1C requires firms to not misrepresent qualifications of firm. Which standard does guaranteeing performance violate, i would have thought 1C?
III. Duties to Clients (D) Performance Presentation. “When communicating investment performance, Members or Candidates must make reasonable effort to ensure it is fair, accurate, and complete.”