Podcast
Questions and Answers
What is the maximum coverage provided by the MFDA Investor Protection Corporation for general accounts?
What is the maximum coverage provided by the MFDA Investor Protection Corporation for general accounts?
- $500,000
- $100,000
- $2 million
- $1 million (correct)
On what grounds can the MFDA enforce rules against its members?
On what grounds can the MFDA enforce rules against its members?
- Through a non-transparent disciplinary process
- By providing legal advice
- By conducting tax audits
- By initiating compliance reviews (correct)
What is the primary function of the Ombudsman for Banking Services and Investments (OBSI)?
What is the primary function of the Ombudsman for Banking Services and Investments (OBSI)?
- To provide financial advice
- To conduct market research
- To regulate investment firms
- To resolve disputes between firms and clients (correct)
What is the maximum amount up to which OBSI can recommend settlement claims?
What is the maximum amount up to which OBSI can recommend settlement claims?
Which entity provides coverage for eligible customer losses due to a MFDA Member's insolvency?
Which entity provides coverage for eligible customer losses due to a MFDA Member's insolvency?
Who funds the MFDA Investor Protection Corporation?
Who funds the MFDA Investor Protection Corporation?
What is the purpose of the transparent disciplinary process conducted by the MFDA?
What is the purpose of the transparent disciplinary process conducted by the MFDA?
What is the primary role of FINTRAC in Canada?
What is the primary role of FINTRAC in Canada?
According to Canadian law, what constitutes money laundering?
According to Canadian law, what constitutes money laundering?
What is a common method of money laundering mentioned in the text?
What is a common method of money laundering mentioned in the text?
How does terrorist financing differ from money laundering?
How does terrorist financing differ from money laundering?
Which entities are among those monitored by FINTRAC in Canada?
Which entities are among those monitored by FINTRAC in Canada?
What is the main objective of money laundering?
What is the main objective of money laundering?
How does FINTRAC contribute to public safety in Canada?
How does FINTRAC contribute to public safety in Canada?
What happens when dirty money enters the financial system?
What happens when dirty money enters the financial system?
What type of information is considered 'personal information' under PIPEDA?
What type of information is considered 'personal information' under PIPEDA?
Which of the following is NOT part of a typical definition of personal information under PIPEDA?
Which of the following is NOT part of a typical definition of personal information under PIPEDA?
What is the main purpose of the National Do Not Call List (DNCL) according to the text?
What is the main purpose of the National Do Not Call List (DNCL) according to the text?
What is considered telemarketing according to the text?
What is considered telemarketing according to the text?
According to PIPEDA, which of the following is not considered personal information?
According to PIPEDA, which of the following is not considered personal information?
What actions are organizations regulated by PIPEDA permitted to take with personal information?
What actions are organizations regulated by PIPEDA permitted to take with personal information?
What are the two main types of SRO-regulated firms mentioned in the text?
What are the two main types of SRO-regulated firms mentioned in the text?
If a phone number is listed on the National Do Not Call List (DNCL), what should telemarketers do?
If a phone number is listed on the National Do Not Call List (DNCL), what should telemarketers do?
What does IIROC stand for in the context of the text?
What does IIROC stand for in the context of the text?
What is the primary role of the Securities Regulator as mentioned in the text?
What is the primary role of the Securities Regulator as mentioned in the text?
What is the responsibility of the Canadian Securities Administrators (CSA) as highlighted in the text?
What is the responsibility of the Canadian Securities Administrators (CSA) as highlighted in the text?
What is the key obligation of a Dealing Representative according to the text?
What is the key obligation of a Dealing Representative according to the text?
What type of complaints do Securities Regulators investigate as per the text?
What type of complaints do Securities Regulators investigate as per the text?
Apart from mutual funds, what else do Securities Regulators review and approve before they are offered for sale?
Apart from mutual funds, what else do Securities Regulators review and approve before they are offered for sale?
What does MFDA stand for in relation to SRO-regulated firms?
What does MFDA stand for in relation to SRO-regulated firms?
What is the primary purpose of a Commercial Electronic Message (CEM)?
What is the primary purpose of a Commercial Electronic Message (CEM)?
According to CASL, what must be included in a CEM?
According to CASL, what must be included in a CEM?
What is a requirement for sending CEMs under CASL?
What is a requirement for sending CEMs under CASL?
What action must a CEM enable the recipient to do?
What action must a CEM enable the recipient to do?
According to CASL, what option must organizations provide to consumers regarding unsubscribing from messages?
According to CASL, what option must organizations provide to consumers regarding unsubscribing from messages?
What is prohibited by CASL regarding sending CEMs?
What is prohibited by CASL regarding sending CEMs?
What is the consequence of not including sender identification in a CEM according to CASL?
What is the consequence of not including sender identification in a CEM according to CASL?
Under CASL, what is the significance of recipient consent for sending CEMs?
Under CASL, what is the significance of recipient consent for sending CEMs?
