You have just been employed as the CFA Institute compliance officer for your firm. The firm, which operates in the financial services area and employs a number of CFA members who are both full Charterholders and others, just like you, currently studying the CFA Program. Required: Why are the issues of 'guarantees' an important issue for consideration in the interactions between the adviser and the client, particularly in relation to CFA Standard 1 (C)? Briefly justify your conclusions. Hint: That is, why does the adviser need to be wary of the manner in which they express expected future investment returns to clients, particularly in relation to any guaranteed returns? Recommendations for the firm complying with CFA Standard 1 (C) includes exercising care and due diligence when relying on third-party information. Provide your staff with relevant practical issues to consider when seeking to meet this requirement. Briefly justify your conclusions.