IFIC (Unit 1 Quiz) with verified answers
A+ already passed
_____ _______ sales are regulated (in Canada) by provincial and federal organizations. - correct
answer ✔✔Mutual funds sales are regulated (in Canada) by provincial and federal
organizations.
_________ __________ are professionals who protect the interests of the investing public and
industry participants. - correct answer ✔✔dealing representative are professionals who protect
the interests of the investing public and industry participants.
Each provincial monitoring body is referred to as a securities _______ (or securities regulator) -
correct answer ✔✔Each provincial monitoring body is referred to as a securities commission (or
securities regulator)
Two (2) levels of monitoring bodies - correct answer ✔✔Two (2) levels of monitoring bodies:
- 1: Provincial level (securities regulators/commission, dealing reps)
- 2: National level (CSA, MFDA, OBSI, IIROC, OSFI)
Securities _______/______ mandate:
Protect investors from fraudulent/unfair practices
Promote fair capital markets
Promote confidence in capital markets
Reduce risk (systemic) - correct answer ✔✔Securities regulator/commission mandate:
- Protect investors from fraudulent/unfair practices
- Promote fair capital markets
- Promote confidence in capital markets
, - Reduce risk (systemic)
Securities _____/______ responsibilities:
- Establish strict standards for disclosure of info before offering new securities to the public.
- Review/approve mutual funds before they are put for sale in their province.
- Register companies and individuals who sell securities
- Register companies/individuals who manage mutual fund portfolios
- Enforce regulations that govern the buying and selling of securities
- Investigate investor complaints against companies (and their employees)
- Discipline companies/individuals who violate the regulations - correct answer ✔✔Securities
regulator/commission responsibilities:
- Establish strict standards for disclosure of info before offering new securities to the public.
- Review/approve mutual funds before they are put for sale in their province.
- Register companies and individuals who sell securities
- Register companies/individuals who manage mutual fund portfolios
- Enforce regulations that govern the buying and selling of securities
- Investigate investor complaints against companies (and their employees)
- Discipline companies/individuals who violate the regulations
Each Securities Regulator/commission has the responsibility to _____ or ______ registration of
individuals/companies who sell securities and manage mutual fund portfolios - correct answer
✔✔Each Securities Regulator/commission has the responsibility to grand or revoke registration
of individuals/companies who sell securities and manage mutual fund portfolios
____ _________ (me) responsibilities:
- Register with my securities regulator
- Conduct business under the Securities Regulator (Commission) rules - correct answer
✔✔Dealing Representative (me) responsibilities:
A+ already passed
_____ _______ sales are regulated (in Canada) by provincial and federal organizations. - correct
answer ✔✔Mutual funds sales are regulated (in Canada) by provincial and federal
organizations.
_________ __________ are professionals who protect the interests of the investing public and
industry participants. - correct answer ✔✔dealing representative are professionals who protect
the interests of the investing public and industry participants.
Each provincial monitoring body is referred to as a securities _______ (or securities regulator) -
correct answer ✔✔Each provincial monitoring body is referred to as a securities commission (or
securities regulator)
Two (2) levels of monitoring bodies - correct answer ✔✔Two (2) levels of monitoring bodies:
- 1: Provincial level (securities regulators/commission, dealing reps)
- 2: National level (CSA, MFDA, OBSI, IIROC, OSFI)
Securities _______/______ mandate:
Protect investors from fraudulent/unfair practices
Promote fair capital markets
Promote confidence in capital markets
Reduce risk (systemic) - correct answer ✔✔Securities regulator/commission mandate:
- Protect investors from fraudulent/unfair practices
- Promote fair capital markets
- Promote confidence in capital markets
, - Reduce risk (systemic)
Securities _____/______ responsibilities:
- Establish strict standards for disclosure of info before offering new securities to the public.
- Review/approve mutual funds before they are put for sale in their province.
- Register companies and individuals who sell securities
- Register companies/individuals who manage mutual fund portfolios
- Enforce regulations that govern the buying and selling of securities
- Investigate investor complaints against companies (and their employees)
- Discipline companies/individuals who violate the regulations - correct answer ✔✔Securities
regulator/commission responsibilities:
- Establish strict standards for disclosure of info before offering new securities to the public.
- Review/approve mutual funds before they are put for sale in their province.
- Register companies and individuals who sell securities
- Register companies/individuals who manage mutual fund portfolios
- Enforce regulations that govern the buying and selling of securities
- Investigate investor complaints against companies (and their employees)
- Discipline companies/individuals who violate the regulations
Each Securities Regulator/commission has the responsibility to _____ or ______ registration of
individuals/companies who sell securities and manage mutual fund portfolios - correct answer
✔✔Each Securities Regulator/commission has the responsibility to grand or revoke registration
of individuals/companies who sell securities and manage mutual fund portfolios
____ _________ (me) responsibilities:
- Register with my securities regulator
- Conduct business under the Securities Regulator (Commission) rules - correct answer
✔✔Dealing Representative (me) responsibilities:
