IFSE Exam |80| questions well solved

IFSE Exam |80| questions well solved To whom are you permitted to make an unsolicited telephone call to market new products ("cold-call") if they have signed up on the National Do Not Call List (DNCL)? -Correct Answer-someone with whom you already have a business relationship Which of the following statements about Mutual Fund Dealers Association of Canada (MFDA) is CORRECT? -Correct Answer-It is a self-regulatory organization for the distribution side of the Canadian mutual funds industry What is the role of the Ombudsman for Banking and Investments (OBSI)? -Correct Answer-OBSI helps resolve disputes between participating banking services and investment firms and their clients Jeff Thomson is a newly licensed dealing representative. He has received a cash deposit of $12,000 and would like you to guide him as to whether he is required to report the transaction to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). What is the minimum dollar amount of a cash deposit that Jeff is required to report to FINTRAC? -Correct Answer-$10,000 Which of the following dealing representatives is in a conflict of interest situation? -Correct Answer-Jonathan, who recommends mutual funds to his clients based on which funds pay the highest commission. Which of the following statements regarding ethical conduct is true? -Correct Answer-Ethical conduct means conforming to approved standards. The Mutual Fund Dealers Association of Canada (MFDA) has several rules dealing with different aspects of the mutual fund business. Conduct Rule 2 offers details on how both you and your employer are to carry out business. Which of the following is covered in Rule 2? -Correct Answer-standard of conduct for ethical behaviour Josephine is a newly registered dealing representative. Which of the following actions constitute proper conduct expected of her? -Correct Answer-Protecting the confidentiality of client information. Which statement about the registration process is TRUE? -Correct Answer-Objections to your registration may be due to unacceptable past employment history in the securities industry. Which of the fo