Eleanor Preston, CFA, is a financial planner for high-net-worth individual clients in a local bank. Preston has been under pressure from his supervisor to sell a new bond which has a fixed rate of interest 6% guaranteed by the corporate issuer. Preston sends an e-mail to all her clients, which includes a copy of the prospectus with a message. The subject line reads, "New Fixed Rate Interest Bond of 6%, safe and guaranteed rate of return". Has Ellis most likely violated the Professional Conduct Standards()
A. Yes, only by misrepresenting the characteristic of the bond.
B. Yes, only by failing to provide full detail about the characteristic of the bond.
C. Yes, both by misrepresenting the characteristic of the bond and failing to provide full detail about the characteristic of the bond.