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CFA Level 1
Ethical and Professional Standards

Misrepresentation in Investment Performance Presentation

Hard Cfa Institute Code And Standards Professionalism - Misrepresentation

As an investment advisor, Jane is preparing a presentation for prospective clients. In her presentation materials, she includes a graph that depicts her firm's historical returns over the past five years. However, Jane decides to selectively choose only the best performing year and presents it in a manner that suggests these results represent typical performance. She believes that this will attract more clients even though it does not accurately reflect the reality of her firm's performance.

According to the CFA Institute Code of Ethics and Standards of Professional Conduct, which of the following best describes Jane's actions regarding misrepresentation?

Hint

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