Arjun is a well respected financial advisor at ACG, and he is a member of the 50-Million-dollar

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Question:

Arjun is a well respected financial advisor at ACG, and he is a member of the 50-Million-dollar club, which means he closed deals for a total value that exceeds 50 Million. Arjun was offered the position of the CEO at ACG, but he declined to accept it, since he makes more than 7 figures each year from commissions. You were happy to be trained by Arjun, and you decided to take notes during training in order to achieve similar success.

The first day Arjun visited, Mike, a 70-year-old retiree. Mike is a very risk averse investor, who is highly skeptical. Mike spends around 40k per year on living expenses, and he doesn't travel. Mike lives a modest life, spending most of his time at home, reading books, and watching movies. Mike doesn't participate in any expensive hobbies. Mike's 1.7 Million investment portfolio was invested in 4 key asset classes, as follows:

600k in his house, in the form of equity.
400k in Money Market mutual funds
100k was kept as cash
600k was invested in short-term bond mutual funds

Arjun, quickly analyzed mikes portfolio, and decided to radically change the asset mix. He convinced Mike to invest 1 Million dollars in equity growth mutual fund. Mike was skeptical about it, but Arjun convinced him by showing him a chart of the possible future returns. He said to Mike "I guarantee that over the next 5 years you'll make more money, than money market". Mike got convinced, Arjun, also asked Mike to sign a paper stating that this is an "unsolicited order" and that Mike takes all responsibility for this investment decision. Mike signed all the paper work, and in 2 hours, Arjun closed the deal. Arjun generated around 30K from this deal, he did not disclose to Mike that he's compensated via commissions, neither did he disclose to Mike that he's paid more, if he sells risky funds.

As a financial advisor that's licensed to work in this profession you realized that there are certain violations, in the above excerpt.
Analyze the FPSC Code of Ethics violations:

(Note: here is the link for FP Canada STANDARDS OF PROFESSIONAL RESPONSIBILITY:https://www.fpcanada.ca/docs/default-source/standards/standards-of-professional-responsibility.pdf)

Identify the violations, be sure to highlight the type of violation
Identify how to fix these violations, what policies are needed to fix these bad practices.
The violation and the alternative way to make this conduct in line with regulation.
Marking:
Identifying 3 violations of CFP code of Conduct
Fixing the violations
Determining the correct alternative