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Regarding fund investment advisory institutions, which of the following statements is incorrect ( )

Answer: C fund investment consultant refers to providing investment advice on funds and other investment products recognized by the China Securities Regulatory Commission to fund managers, fund investors and other service objects in accordance with the agreement, assisting customers in making investment decisions, and directly or indirectly obtaining economic benefits.

business activities.

Fund investment consulting institutions refer to institutions that engage in fund investment consulting business activities.

If a fund investment consulting agency provides investment consulting services for publicly raised funds, it shall apply for registration with the CSRC branch office at the place of industrial and commercial registration.

No institution or individual may engage in publicly offered fund investment consulting business without registration from an agency of the China Securities Regulatory Commission.

Fund investment advisory institutions and their employees shall provide investment advisory services with reasonable basis, truthfully state their service capabilities and business operations, and shall not promise or guarantee investment returns in any way, or damage the legitimate rights and interests of service recipients.