Marc Randall, CFA, is an investment analyst. During a meeting with a potential client, Randall's boss states that, "You can be sure our investments will always outperform Treasury Bonds because of our fine research staff members, like Marc." Randall knows that this statement is:
  A)a violation of the Standard concerning prohibition against misrepresentation.
  B)a violation of fiduciary duties owed to clients under the Standards.
  C)not in violation of the Code and Standards.
  Under Standard I(C), members are forbidden from guaranteeing a specific rate of return on volatile investments. Therefore, the statement is in violation of the Standard.