问题如下：
MM told a potential client,“I may not have a long record yet, but I believe you will be satisfied with my advice and services. In the 5 years I’ve been in this business, the total annual return of my clients exceeds 18%.” This statement is correct, but MM only had a few customers. One of his clients had a large position in the penny stock (as opposed to MM’s proposal) and got a large gain, which made the total return exceed 18%. The average annual return would be 5% without this investment. Did MM violate the standard?
选项：
A.No, because the statement is accord with MM’s record.
B.No, because MM didn't promise the client for the return of 18%.
C.Yes, because the statement of MM’s record is a misrepresentation.
解释：
C is correct.
This issue violates standard I(C) Misrepresentation. Although MM’s claim may be technically true, this is a misleading statement because most of the revenue is due to a customer’s position which is opposed to MM’s advice. Accordingly, his statement misrepresents the investment
老师这一段没太看懂，为什么客户投了跟他相反的股票赚了18%，他就违反了呢？能否解释一下，谢谢！
