When Ed met with Sarah, a new client, he learned that she was not interested in variable annuities but instead wanted to purchase a mutual fund. To induce her to buy his annuity product, he falsely represented to her that the annuity was very similar to a mutual fund and would produce identical investment returns. In this case, Ed engaged in which of the following unfair trade practices?

a$.$ twisting

b$.$ rebating

c$.$ false advertising

d$.$ misrepresentation

Bill, an insurance agent, joined a marketing organization that immediately confers a "chartered advanced underwriter" designation upon joining and paying the required fee. Bill has begun using the designation on his business cards and stationery and has found that prospects react positively to working with him because they think he may have special skills. While he has never claimed to possess such skills, he hasn't disclosed that he does not. Which statement concerning Bill's use of the designation is correct?

a$.$ Bill's use of a meaningless designation that may suggest he has a skill or expertise not possessed is deceptive and unethical.

b$.$ Bill is not responsible for what others erroneously conclude and has no ethical or legal obligation to correct those conclusions.

c$.$ If use of a meaningless designation is common in the marketplace in which he works, he can ethically continue to use it$.$

d$.$ As long as Bill does not attempt to offer services in areas beyond his expertise or ability, his use of a meaningless designation is unimportant and has no ethical value.