Podcast
Questions and Answers
What is the potential risk of Jacobson not advising his branch manager of the transactions?
What is the potential risk of Jacobson not advising his branch manager of the transactions?
- Preventing effective supervision of client accounts (correct)
- Exposing Toyco Inc. to potential losses
- Avoiding any liability for the firm
- Exposing the clients to unknown risks
Why might the clients view Jacobson as a representative of the firm in facilitating the investment?
Why might the clients view Jacobson as a representative of the firm in facilitating the investment?
- Because Jacobson did not advise his branch manager of the transactions
- Because Jacobson obtained cheques from the clients
- Because Jacobson mentioned this investment to other clients
- Because Jacobson delivered share certificates registered in the clients’ names (correct)
What is the term used to describe dealings in securities outside of the normal business of the firm?
What is the term used to describe dealings in securities outside of the normal business of the firm?
- Supervisory negligence
- Unknown risks exposure
- Selling away or outside deals (correct)
- Private arrangement
Why might firms be exposed to liability for the actions of their employees in effecting such trades?
Why might firms be exposed to liability for the actions of their employees in effecting such trades?
Why does van Nostrand spend at least one quarter of her time trading for her own account?
Why does van Nostrand spend at least one quarter of her time trading for her own account?
What is the primary concern regarding van Nostrand's actions?
What is the primary concern regarding van Nostrand's actions?
Why should registrants avoid excessive risk when trading for personal accounts?
Why should registrants avoid excessive risk when trading for personal accounts?
What was the outcome of Walter Garcia's participation in the political organization's protest?
What was the outcome of Walter Garcia's participation in the political organization's protest?
What action did Oliveira take after learning that the stock opened at $29.75?
What action did Oliveira take after learning that the stock opened at $29.75?
What did the director of the pension fund instruct Oliveira to do after she reported the stock opening below $30?
What did the director of the pension fund instruct Oliveira to do after she reported the stock opening below $30?
How did Oliveira violate her regulatory responsibility to the client?
How did Oliveira violate her regulatory responsibility to the client?
What unethical practice is Oliveira accused of?
What unethical practice is Oliveira accused of?
What is the purpose of Policy 9A?
What is the purpose of Policy 9A?
What is the requirement for members operating under a CSA exemption?
What is the requirement for members operating under a CSA exemption?
What distinguishes the accounts affected through Policy 9A from those used by any full service branch?
What distinguishes the accounts affected through Policy 9A from those used by any full service branch?
What is the purpose of Policy 9B?
What is the purpose of Policy 9B?
What personal financial dealings should registrants avoid with clients?
What personal financial dealings should registrants avoid with clients?
Why should personal trading activity be kept to reasonable levels?
Why should personal trading activity be kept to reasonable levels?
How should registrants conduct any personal financial or business dealings with clients?
How should registrants conduct any personal financial or business dealings with clients?
What is the expectation for other publicly visible activities in which registrants participate?
What is the expectation for other publicly visible activities in which registrants participate?
What is required for a dealer to obtain relief under Policy 9B?
What is required for a dealer to obtain relief under Policy 9B?
What is the outcome when disputes between dealers and clients are resolved through civil litigation?
What is the outcome when disputes between dealers and clients are resolved through civil litigation?
What is required to avoid potential liability for potentially unsuitable purchases and sales of securities?
What is required to avoid potential liability for potentially unsuitable purchases and sales of securities?
What duty does an Investment Advisor (IA) owe to the client in providing investment advice?
What duty does an Investment Advisor (IA) owe to the client in providing investment advice?
What can the Administrators do if they find that the provisions of their respective Acts have been violated?
What can the Administrators do if they find that the provisions of their respective Acts have been violated?
What is the maximum penalty for offences under the Ontario Securities Act after the passing of Bill 198?
What is the maximum penalty for offences under the Ontario Securities Act after the passing of Bill 198?
What power does Bill 198 give to the OSC regarding noncompliance with Ontario securities law?
What power does Bill 198 give to the OSC regarding noncompliance with Ontario securities law?
What do the amendments prohibit in relation to securities law noncompliance?
What do the amendments prohibit in relation to securities law noncompliance?
What power did the Manitoba Securities Commission gain from the 2003 amendments?
What power did the Manitoba Securities Commission gain from the 2003 amendments?
What penalties can a commission panel order following a hearing on improper or illegal conduct?
What penalties can a commission panel order following a hearing on improper or illegal conduct?
What new feature did the British Columbia Securities Commission provide on its website in the first quarter of 2003?
What new feature did the British Columbia Securities Commission provide on its website in the first quarter of 2003?
What is the general prohibition in the amendments regarding statements that significantly affect the market price of a security?
What is the general prohibition in the amendments regarding statements that significantly affect the market price of a security?
Why should registrants avoid personal financial dealings with clients?
Why should registrants avoid personal financial dealings with clients?
What is the primary concern regarding personal trading activity for registrants?
What is the primary concern regarding personal trading activity for registrants?
What is the expectation for other publicly visible activities in which registrants participate?
What is the expectation for other publicly visible activities in which registrants participate?
What unethical practice should registrants avoid when dealing with clients?
What unethical practice should registrants avoid when dealing with clients?
What should registrants prioritize in all business dealings?
What should registrants prioritize in all business dealings?
How should registrants handle client assets?
How should registrants handle client assets?
What must registrants ensure when relaying information about a client’s existing portfolio?
What must registrants ensure when relaying information about a client’s existing portfolio?
What must registrants disclose to ensure fair, objective dealings with clients?
What must registrants disclose to ensure fair, objective dealings with clients?
What is the cardinal rule in making investment recommendations?
What is the cardinal rule in making investment recommendations?
What is the primary aim of the Code of Ethics and Standards of Conduct for registrants?
What is the primary aim of the Code of Ethics and Standards of Conduct for registrants?
What may lead to registrants having a fiduciary duty to their clients?
What may lead to registrants having a fiduciary duty to their clients?
What is the key aspect of ethical conduct for registrants?
What is the key aspect of ethical conduct for registrants?
What should registrants prioritize in all business dealings as per the text?
What should registrants prioritize in all business dealings as per the text?
Why is it doubtful that a registrant actively trading his or her own account on a daily basis will have enough time to properly service clients?
Why is it doubtful that a registrant actively trading his or her own account on a daily basis will have enough time to properly service clients?
What must registrants avoid in their personal financial dealings with clients, as mentioned in the text?
What must registrants avoid in their personal financial dealings with clients, as mentioned in the text?
What is the expectation for other publicly visible activities in which registrants participate, according to the text?
What is the expectation for other publicly visible activities in which registrants participate, according to the text?
What is the cardinal rule in making investment recommendations?
What is the cardinal rule in making investment recommendations?
What may have legal implications for the registrant and the firm?
What may have legal implications for the registrant and the firm?
What is the primary aim of the Code of Ethics and Standards of Conduct for registrants?
What is the primary aim of the Code of Ethics and Standards of Conduct for registrants?
What does ethical conduct entail for registrants?
What does ethical conduct entail for registrants?
What is the expectation for all trades and acts in furtherance of trades, according to the text?
What is the expectation for all trades and acts in furtherance of trades, according to the text?
What is the requirement for the distribution of securities, as per the text?
What is the requirement for the distribution of securities, as per the text?
What is the expectation for conducting client business, according to the text?
What is the expectation for conducting client business, according to the text?
What is the primary expectation regarding client orders, based on the text?
What is the primary expectation regarding client orders, based on the text?
What is the term for the trading of securities through the facilities of a stock exchange after the primary distribution?
What is the term for the trading of securities through the facilities of a stock exchange after the primary distribution?
In which document is the disclosure for public offering of securities normally made?
In which document is the disclosure for public offering of securities normally made?
What is subject to the same disclosure requirement as a public sale when sold from a control position?
What is subject to the same disclosure requirement as a public sale when sold from a control position?
What does the Securities Act and stock exchange requirements mandate for issuers as securities move beyond the primary distribution?
What does the Securities Act and stock exchange requirements mandate for issuers as securities move beyond the primary distribution?
What power did the Manitoba Securities Commission gain from the 2003 amendments?
What power did the Manitoba Securities Commission gain from the 2003 amendments?
What penalties can a commission panel order following a hearing on improper or illegal conduct?
What penalties can a commission panel order following a hearing on improper or illegal conduct?
What is the general prohibition in the amendments regarding statements that significantly affect the market price of a security?
What is the general prohibition in the amendments regarding statements that significantly affect the market price of a security?
What new feature did the British Columbia Securities Commission provide on its website in the first quarter of 2003?
What new feature did the British Columbia Securities Commission provide on its website in the first quarter of 2003?
What did the Recognizing Regulators approve amendments to the Universal Market Integrity Rules to specifically provide?
What did the Recognizing Regulators approve amendments to the Universal Market Integrity Rules to specifically provide?
What type of activities are ATSs restricted from engaging in, as stated in the text?
What type of activities are ATSs restricted from engaging in, as stated in the text?
What additional role may Regulation Services Providers (RS) fulfill, according to the text?
What additional role may Regulation Services Providers (RS) fulfill, according to the text?
What is the primary purpose of the amendments to the Universal Market Integrity Rules (UMIR) as mentioned in the text?
What is the primary purpose of the amendments to the Universal Market Integrity Rules (UMIR) as mentioned in the text?
What is the primary aim of money laundering?
What is the primary aim of money laundering?
According to the International Monetary Fund (IMF), what is the estimated range of money laundering as a percentage of the world’s GDP?
According to the International Monetary Fund (IMF), what is the estimated range of money laundering as a percentage of the world’s GDP?
What is the role of securities dealers in curbing criminal and terrorist activities?
What is the role of securities dealers in curbing criminal and terrorist activities?
What is the estimated lower figure for the aggregate size of money laundering in terms of the world’s GDP, based on 2002 statistics?
What is the estimated lower figure for the aggregate size of money laundering in terms of the world’s GDP, based on 2002 statistics?
Flashcards are hidden until you start studying
