Which of the following statements about UITF marketing personnel disclosures is false?

In the context of UITF marketing personnel disclosures, the statement that high income returns are guaranteed in the long run is false. This is because one of the fundamental principles of investments, including those in Unit Investment Trust Funds, is that there are inherent risks involved. Investments are subject to market fluctuations, and while some funds may have historically performed well, there is no assurance of future returns.

Professionals in UITF marketing are required to promote transparency and ensure that potential investors are aware that past performance does not guarantee future results. This helps set realistic expectations and encourages prudent decision-making based on understood risks rather than misleading assurances of guaranteed high returns.

The other statements are accurate and reflect essential elements of the regulatory and ethical responsibilities of UITF marketing personnel. Communicating risks, informing clients about fees, and explaining the strategy and objectives of the UITF are all critical aspects of providing comprehensive and responsible investment advice.