FIN-4203 Investments Conduct & Compliance Quiz

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Questions and Answers

What is the minimum required weighted average for the non-proctored evaluations to be included in the calculation of the overall course grade?

40%

70%

50% (correct)

60%

What forms of academic dishonesty are prohibited at Lambton College?

Using reference materials during exams

Collaboration with classmates

Seeking additional help from instructors

Copying, plagiarism, and cheating (correct)

Where can students find details about academic dishonesty and the associated penalties?

Library resources

Lambton College website (correct)

Student handbook

Course syllabus

What should students retain for possible future use to support applications for transfer of credit to other educational institutions?

Course outlines Signup and view all the answers

What is the main focus of the FIN-4203 Investments Conduct and Compliance Business course?

Understanding Canadian securities industry regulations Signup and view all the answers

Which entity is responsible for outlining the structure and principles of the Canadian securities industry regulation?

SROs and provincial regulators Signup and view all the answers

What is the purpose of the Know Your Client Rule in the registrant's dealings with clients?

Verifying client identities Signup and view all the answers

Which aspect is covered by the Code of Ethics and Standards of Conduct for the securities industry?

Securities industry ethics and conduct guidelines Signup and view all the answers

What is the purpose of the National Registration System and the National Registration Database?

To manage registration process for securities dealers and advisors Signup and view all the answers

What does the CIPF (Canadian Investor Protection Fund) cover?

Deposits in registered accounts Signup and view all the answers

What is the primary focus of VLO 3 in Financial Planning and Wealth Management?

Adhering to professional regulations and ethical standards Signup and view all the answers

What is the main emphasis of VLO 2 in Financial Services - Investigation and Compliance?

Analyzing data for decision-making related to anti-money laundering regulations Signup and view all the answers

Which VLO focuses on differentiating among functions, roles, structure, and operations of financial service organizations?

VLO 7 in Financial Planning and Wealth Management Signup and view all the answers

What does VLO 8 in Financial Planning and Wealth Management involve?

Evaluating the financial performance of a business through analysis of financial statements Signup and view all the answers

What is the purpose of the New Account Application Form (NAAF)?

To maintain client records Signup and view all the answers

What does the Cash Account Rule apply to?

Maintaining client records Signup and view all the answers

What is the central role of individual responsibility for ethical behavior in the securities industry?

To explain the central role of individual responsibility for ethical behaviour Signup and view all the answers

What is the importance of senior management support when designing ethical initiatives?

To describe the importance of senior management support when designing ethical initiatives Signup and view all the answers

Who is responsible for implementing accountability within a dealer member?

Individuals within the dealer member Signup and view all the answers

What is the purpose of guidelines for the use of the Internet when advertising dealer/advisor services or individual securities?

To provide clear guidelines of acceptable behaviour Signup and view all the answers

What does corporate governance refer to?

The relationship between values, ethics, and law Signup and view all the answers

What is required in a trade confirmation?

Proper completion of the New Account Application Form (NAAF) Signup and view all the answers

What does it mean to be a responsible professional in the securities industry?

To provide clear guidelines of acceptable behaviour Signup and view all the answers

What is the purpose of disclosure of characteristics and risks of certain investment products?

To describe the requirements for disclosure of characteristics and risks of certain investment products Signup and view all the answers

What do guidelines for disclosure of fees in sales literature aim to achieve?

Describe the requirements for disclosure of fees in sales literature Signup and view all the answers

What is required in sales communications according to regulations?

Regulations concerning sales communications Signup and view all the answers

Study Notes

Academic Integrity

Minimum weighted average for non-proctored evaluations to be included in overall course grade: not specified
Prohibited forms of academic dishonesty at Lambton College: not specified
Details about academic dishonesty and associated penalties can be found: not specified
Students should retain course materials for possible future use to support transfer of credit to other educational institutions

Financial Planning and Wealth Management

Main focus of FIN-4203 Investments Conduct and Compliance Business course: not specified
Entity responsible for outlining structure and principles of Canadian securities industry regulation: not specified
Purpose of Know Your Client Rule: understand client's needs and suitability for investment products
Aspect covered by Code of Ethics and Standards of Conduct for securities industry: ethical behavior and professional obligations
Purpose of National Registration System and National Registration Database: register and regulate securities professionals
CIPF (Canadian Investor Protection Fund) covers: customer accounts in case of dealer insolvency

VLO Focus Areas

Primary focus of VLO 3 in Financial Planning and Wealth Management: investments and portfolio management
Main emphasis of VLO 2 in Financial Services - Investigation and Compliance: regulatory compliance and risk management
VLO that focuses on differentiating among functions, roles, structure, and operations of financial service organizations: VLO 8
VLO 8 in Financial Planning and Wealth Management involves: financial planning and wealth management

Securities Industry Regulations

Purpose of New Account Application Form (NAAF): gather client information and identify investment goals
Cash Account Rule applies to: cash and margin accounts
Importance of senior management support in designing ethical initiatives: promotes a culture of ethics and responsibility
Individual responsible for implementing accountability within a dealer member: not specified
Purpose of guidelines for use of Internet when advertising dealer/advisor services or individual securities: transparency and compliance
Corporate governance refers to: system of rules and practices by which a company is directed and controlled

Trade Confirmations and Disclosure

Required in a trade confirmation: trade details and account information
Meaning of being a responsible professional in the securities industry: adhering to ethical standards and regulatory requirements
Purpose of disclosure of characteristics and risks of certain investment products: informed investment decisions
Guidelines for disclosure of fees in sales literature aim to achieve: transparency and fairness
Required in sales communications according to regulations: clear and not misleading information

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Description

Test your knowledge of professional regulations, provincial legislation, and ethical standards in the financial services industry. The quiz covers topics such as recommending investment strategies to mitigate negative economic impacts on personal investments and differentiating among functions, roles, structure, and operations of financial institutions.

FIN-4203 Investments Conduct &amp; Compliance Quiz

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