Securities Industry Client Interaction Quiz

<p>Providing investment recommendations. (A)</p> Signup and view all the answers

<p>The IR is not licensed to handle options transactions. (D)</p> Signup and view all the answers

<p>Soliciting business from clients (A), Taking client orders (B)</p> Signup and view all the answers

<p>Supervising the sales assistant and limiting their involvement to non-registrable duties. (B)</p> Signup and view all the answers

<p>The dealer member could be found guilty of violating securities regulations. (B)</p> Signup and view all the answers

<p>They are prohibited from providing any advice, opinions, or recommendations regarding securities. (B)</p> Signup and view all the answers

<p>They are restricted to dealing with existing mutual fund clients and cannot transact in non-mutual fund securities. (C)</p> Signup and view all the answers

<p>Obtaining a license from the Canadian Securities Exchange (B)</p> Signup and view all the answers

<p>Dealing Representatives primarily focus on executing trades for clients, while Advising Representatives offer investment advice. (A)</p> Signup and view all the answers

<p>Knowledge of complex financial models (C)</p> Signup and view all the answers

<p>Emphasizing the importance of regulatory compliance and communication skills for registered representatives. (A)</p> Signup and view all the answers

<p>Dealing Representatives can sell mutual funds, while RRs can sell a wider range of products. (A)</p> Signup and view all the answers

<p>RRs act as advisors, providing investment recommendations and guidance, often bridging the gap between order-takers and discretionary managers. (B)</p> Signup and view all the answers

<p>Completion of the CSC and CPH courses, a 90-day restricted client period, and a background check conducted by the relevant regulatory authority. (E)</p> Signup and view all the answers

<p>The 90-day period is a time for candidates to gain practical experience under the supervision of a registered RR. (E)</p> Signup and view all the answers

Professionals authorized to advise on equity and fixed-income securities.

Special skills needed to advise on options and futures trading.

A requirement to understand client’s background before recommending products.

A mandatory course for new Registered Representatives in Canada.

A restricted period during which new RRs gain experience without full registration.

Information about mutual funds must be authorized by knowledgeable personnel.

Registered employees must manage and disclose conflicts related to client dealings.

Different registrations dictate permissible activities in the securities industry.

Regulations that require registration to trade or advise on securities in Canada.

Two distinct registration categories for individuals in the securities industry.

Only registered individuals can engage in specific activities in securities.

Sales assistants must be registered to help with order-taking duties.

Registered Representatives often use a mutual backup system with colleagues.

Non-registered individuals cannot give securities advice or take orders.

Trainees can't conduct transactions in non-mutual fund securities during training.

An IR that assists registered representatives with administrative tasks.

Involves organizing client records and documentation, not giving advice.

IRs who take and submit purchase orders for execution, limited in authority.

Rules that limit activities of non-registered personnel in financial firms.

IRs need specific licenses to accept certain orders tailored to their location.