Podcast
Questions and Answers
What is the first step in the Best Practices for Distribution of Non-arm’s Length Investment products?
What is the first step in the Best Practices for Distribution of Non-arm’s Length Investment products?
- Product Due Diligence (correct)
- Suitability assessments
- Understanding non-arm’s length products
- Conflict of Interest assessment
According to IDPC Rule section 3301, what must a Dealer Member do before making securities available to clients?
According to IDPC Rule section 3301, what must a Dealer Member do before making securities available to clients?
- Assess relevant aspects of the securities, including structure, features, and risks (correct)
- Approve the securities without assessment
- Monitor the securities for insignificant changes
- Assess only the initial costs of the securities
What is the duty that requires RRs who provide advice to clients to do so fully, honestly, in good faith, and with the proper skills and knowledge?
What is the duty that requires RRs who provide advice to clients to do so fully, honestly, in good faith, and with the proper skills and knowledge?
- Ethical duty
- Fiduciary duty
- Conflict of Interest duty
- Duty of care (correct)
What does CIRO provide guidance on to dealer members regarding the due diligence on all securities they make available to clients?
What does CIRO provide guidance on to dealer members regarding the due diligence on all securities they make available to clients?
What factors should a dealer consider when assessing the suitability of an investment for a client?
What factors should a dealer consider when assessing the suitability of an investment for a client?
When should dealer members ensure suitability assessments are performed?
When should dealer members ensure suitability assessments are performed?
What are some best practices that dealers should follow when performing a new product review?
What are some best practices that dealers should follow when performing a new product review?
What should an advisor understand about a product when conducting a new product review?
What should an advisor understand about a product when conducting a new product review?
In what account should all trading activities be done?
In what account should all trading activities be done?
What is the requirement for continuous education according to the text?
What is the requirement for continuous education according to the text?
What should an IA do with insider information according to the text?
What should an IA do with insider information according to the text?
What is the primary duty of Care for Investment Advisors (IA) according to the provided text?
What is the primary duty of Care for Investment Advisors (IA) according to the provided text?
What does 'KYC' stand for in the context of the provided text?
What does 'KYC' stand for in the context of the provided text?
According to the code of ethics, what should Investment Advisors (IA) do with unsolicited orders if they are not suitable for the client?
According to the code of ethics, what should Investment Advisors (IA) do with unsolicited orders if they are not suitable for the client?
What is the primary focus of the 'Priority of Client Interests' standard for Investment Advisors (IA)?
What is the primary focus of the 'Priority of Client Interests' standard for Investment Advisors (IA)?
What should dealer members use due diligence to ensure for each of the prescribed triggers?
What should dealer members use due diligence to ensure for each of the prescribed triggers?
What should happen before a new product is approved or disapproved by the new product committee?
What should happen before a new product is approved or disapproved by the new product committee?
What should an advisor understand about a product when conducting a new product review?
What should an advisor understand about a product when conducting a new product review?
What should be consistently applied throughout the firm when performing new product reviews?
What should be consistently applied throughout the firm when performing new product reviews?
What is the requirement for Investment Advisors (IA) regarding personal trading activities?
What is the requirement for Investment Advisors (IA) regarding personal trading activities?
What does Standard E of the Securities Acts Compliance entail regarding client information?
What does Standard E of the Securities Acts Compliance entail regarding client information?
What is the IA's obligation regarding the use of insider information?
What is the IA's obligation regarding the use of insider information?
What does the duty of care require RRs who provide advice to clients to do?
What does the duty of care require RRs who provide advice to clients to do?
Under Step 3 of Best Practices for Distribution of Non-arm’s Length Investment products, what must dealer members do in respect of client orders and recommendations?
Under Step 3 of Best Practices for Distribution of Non-arm’s Length Investment products, what must dealer members do in respect of client orders and recommendations?
What is the fundamental difference between ethical behavior and compliance with rules according to the text?
What is the fundamental difference between ethical behavior and compliance with rules according to the text?
What is the main focus of the CIRO guidance provided to dealer members regarding due diligence on securities available to clients?
What is the main focus of the CIRO guidance provided to dealer members regarding due diligence on securities available to clients?
What is the primary focus of the 'Unsolicited Orders' standard for Investment Advisors (IA)?
What is the primary focus of the 'Unsolicited Orders' standard for Investment Advisors (IA)?
According to the Code of Ethics, what is the primary duty of Care for Investment Advisors (IA)?
According to the Code of Ethics, what is the primary duty of Care for Investment Advisors (IA)?
What should an Investment Advisor (IA) understand about 'Know Your Client' (KYC) procedures?
What should an Investment Advisor (IA) understand about 'Know Your Client' (KYC) procedures?
In what way should an Investment Advisor (IA) prioritize when it comes to 'Protection of Client Assets'?
In what way should an Investment Advisor (IA) prioritize when it comes to 'Protection of Client Assets'?
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