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Claire Marlin, CFA, manages an investment fund specializing

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Claire Marlin, CFA, manages an investment fund specializing in foreigncurrency trading. Marlin writes a report to investors that describes the basiccharacteristics of her strategy, which is based on an expected appreciation of theeuro relative to other major currencies. Marlin shows the projected returns from the strategy if the euro appreciates less than 5%, between 5% and 10%, or more than 10%, while clearly stating that these forecasts are her opinion. Has Marlin violated the Standard related to communication with clients?

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Claire Marlin, CFA, manages an investment fund specializing

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