Podcast
Questions and Answers
What's a essential practice for Dealing Representative when executing suitability process with clients?
What's a essential practice for Dealing Representative when executing suitability process with clients?
- Documenting every action as it is being performed (correct)
- To rely on a typical investment strategy relative to a client's demographic information
- Dealing Representative having to respond to client questions about their own investment experiences
- Having full knowledge of the dealer's investment products before satisfying the KYC rule
Which of the following represents a comprehensive risk assessment of the client?
Which of the following represents a comprehensive risk assessment of the client?
- Assessing the client's risk preference
- Assessing the client's risk profile (correct)
- Assessing the client's risk capacity
- Assessing the client's risk tolerance
Which of the following conditions would be applicable under Canada's Anti-Spam Legislation (CASL)?
Which of the following conditions would be applicable under Canada's Anti-Spam Legislation (CASL)?
- When a consumer opts out of subscribing from CEMs, then the sender will not be able to send any type of message electronically
- Unless the firm's policies and procedures state otherwise, commercial electronic messages (CEMs) can be sent to former clients without consent
- CASL is only intended to provide regulation regarding CEMs
- Recipients must take some positive action to indicate consent, such as checking a blank box. (correct)
Patrick has recently received his registration as a mutual fund Dealing Representative, and is eager to get on the phone and start "cold calling" potential clients. To whom is Patrick permitted to make nonsolicited telephone calls to market new products(i.e. c old calling) if they have registered on the national Do Not Call List (DNCL)?
Patrick has recently received his registration as a mutual fund Dealing Representative, and is eager to get on the phone and start "cold calling" potential clients. To whom is Patrick permitted to make nonsolicited telephone calls to market new products(i.e. c old calling) if they have registered on the national Do Not Call List (DNCL)?
Why should the person designated as a client's Trusted Contact Person (TCP) be someone
other than a client's Power of Attorney (POA)?
Why should the person designated as a client's Trusted Contact Person (TCP) be someone
other than a client's Power of Attorney (POA)?
Why may a mutual fund dealer hesitate to apply a temporary hold on the account?
Why may a mutual fund dealer hesitate to apply a temporary hold on the account?
Which of the following statements about your registration as a Dealing Representative is TRUE?
Which of the following statements about your registration as a Dealing Representative is TRUE?
Which organization produces Canada's National Instruments (NIs)?
Which organization produces Canada's National Instruments (NIs)?
Which of the following is generally used as a measure of economic well-being?
Which of the following is generally used as a measure of economic well-being?
Which of the following is generally used as a measure of economic well-being?
Which of the following is generally used as a measure of economic well-being?
Which statement is an illustration of putting the client's interest first?
Which statement is an illustration of putting the client's interest first?
Mattix Corp. is interested in being listed on the over-the-counter (OTC) market. Which of the following is a characteristic of the OTC market, as opposed to a stock exchange?
Mattix Corp. is interested in being listed on the over-the-counter (OTC) market. Which of the following is a characteristic of the OTC market, as opposed to a stock exchange?
Which of the following statements about the financial markets is TRUE?
Which of the following statements about the financial markets is TRUE?
Bonnie is an authorized firm representative (AFR) for her mutual fund dealer. She is authorized to submit information about her firm through the National Registration Database (NRD). With respect to Bonnie's responsibilities, which statement is TRUE?
Bonnie is an authorized firm representative (AFR) for her mutual fund dealer. She is authorized to submit information about her firm through the National Registration Database (NRD). With respect to Bonnie's responsibilities, which statement is TRUE?
Which of the following is an example of an expansionary fiscal policy?
Which of the following is an example of an expansionary fiscal policy?
When is market equilibrium reached?
When is market equilibrium reached?
Why is there an assumption that older clients tend to have a lower risk profile than younger clients?
Why is there an assumption that older clients tend to have a lower risk profile than younger clients?
For a Dealing Representative who wants to sell mutual funds, an applicant usually needs to deal with only one securities regulator, regardless of whether they are registered in multiple jurisdictions. What is this procedure an illustration of?
For a Dealing Representative who wants to sell mutual funds, an applicant usually needs to deal with only one securities regulator, regardless of whether they are registered in multiple jurisdictions. What is this procedure an illustration of?
You have recently been registered and have been working with a senior Dealing Representative as part of your mutual fund dealer's orientation training program. Your senior Dealer Representative has an impressive track record. He regularly performs the following actions with his clients. Which of the following actions is a failure to maintain best practices as it pertains to MFDA Rule 2.1.1?
You have recently been registered and have been working with a senior Dealing Representative as part of your mutual fund dealer's orientation training program. Your senior Dealer Representative has an impressive track record. He regularly performs the following actions with his clients. Which of the following actions is a failure to maintain best practices as it pertains to MFDA Rule 2.1.1?
Which of the following statements are applicable when assessing suitability?
Which of the following statements are applicable when assessing suitability?
Flashcards
Capital of France (example flashcard)
Capital of France (example flashcard)
Paris
