Investment Advisors (IAs) are expected to recommend investments to their clients based on: the client's requests if they seem reasonable what is most suitable to what is going on in the market at the time what is most suitable to what securities the firm owns and is able to sell the financial and personal status of the client Question 2 ( 1 point) Regarding Standard C-Client Orders: All client orders must be entered only at the client's direction. True False Question 3 (1 point) To be licensed as an Investment Advisor (IA) in Ontario, IIROC requires that you complete a number of requirements before you can begin working as an IA. Two of them appear below. Select the two that apply: CSC - Canadian Securities Course Personal Financial Planning course CPH - Conduct and Practices Handbook Course MFDA Select all that apply to the formal names of the three stages of money laundering. Laundering Layering Placement Bribing Integration Implementation Question 5 ( 1 point) Select the best answer below. The Canadian Investor Protection Fund (CIPF) covers: client losses client losses due to market action only client losses due to their IIROC dealer losing their money client losses due to their IIROC dealer becoming insolvent Question 6 (1 point) Investment Representatives (IR) may offer investment advice to clients if the Investment Advisor supervises the activity. True False The Securities Act of each province's Securities Commission regulate the distribution of securities. Which of the following are the named fundamental principles guiding the regulation? Select all that apply. Disclosure Investigation Registration Administration Enforcement Conduct Question 8 (1 point) The 'fit and proper test' is an assessment of whether Investment Advisors (IA) are suitably prepared to perform the duties expected of them. Which of the following is a named requirement to pass this test? Strong understanding of the english language Canadian Securities Course (CSC) Financial Solvency Proven Ethical track record NI 31-103 (National Instrument 31-103) is issued by Canadian Security Administrators (CSA). It requires the registration of those who wish to trade in securities and manager investment funds. Which of the following are included in this requirement. Select all that apply. Dealer Advisor Financial Planner Investment Fund Manager Question 10 (1 point) The Standards of Conduct sets out the expected behaviours of registered Investment Advisors. Standard A is Duty of Care. Which of the following is true about Standard A? KYC: In keeping with the Know Your Client component, without exception, all IAs must complete a NAAF before accepting an order to purchase a security. Respect for Assets: All IAs must show respect for the client's assets and use them only for the client's benefit. Unsolicited Orders: All IAs that give advice, must provide cautionary advice to client's considering an unsolicited order. The Standards of Conduct only applies to those IAs who receive relief under Rule 3200A Investment Advisors (IAs) are expected to recommend investments to their clients based on: the client's requests if they seem reasonable what is most suitable to what is going on in the market at the time what is most suitable to what securities the firm owns and is able to sell the financial and personal status of the client Question 2 ( 1 point) Regarding Standard C-Client Orders: All client orders must be entered only at the client's direction. True False Question 3 (1 point) To be licensed as an Investment Advisor (IA) in Ontario, IIROC requires that you complete a number of requirements before you can begin working as an IA. Two of them appear below. Select the two that apply: CSC - Canadian Securities Course Personal Financial Planning course CPH - Conduct and Practices Handbook Course MFDA Select all that apply to the formal names of the three stages of money laundering. Laundering Layering Placement Bribing Integration Implementation Question 5 ( 1 point) Select the best answer below. The Canadian Investor Protection Fund (CIPF) covers: client losses client losses due to market action only client losses due to their IIROC dealer losing their money client losses due to their IIROC dealer becoming insolvent Question 6 (1 point) Investment Representatives (IR) may offer investment advice to clients if the Investment Advisor supervises the activity. True False The Securities Act of each province's Securities Commission regulate the distribution of securities. Which of the following are the named fundamental principles guiding the regulation? Select all that apply. Disclosure Investigation Registration Administration Enforcement Conduct Question 8 (1 point) The 'fit and proper test' is an assessment of whether Investment Advisors (IA) are suitably prepared to perform the duties expected of them. Which of the following is a named requirement to pass this test? Strong understanding of the english language Canadian Securities Course (CSC) Financial Solvency Proven Ethical track record NI 31-103 (National Instrument 31-103) is issued by Canadian Security Administrators (CSA). It requires the registration of those who wish to trade in securities and manager investment funds. Which of the following are included in this requirement. Select all that apply. Dealer Advisor Financial Planner Investment Fund Manager Question 10 (1 point) The Standards of Conduct sets out the expected behaviours of registered Investment Advisors. Standard A is Duty of Care. Which of the following is true about Standard A? KYC: In keeping with the Know Your Client component, without exception, all IAs must complete a NAAF before accepting an order to purchase a security. Respect for Assets: All IAs must show respect for the client's assets and use them only for the client's benefit. Unsolicited Orders: All IAs that give advice, must provide cautionary advice to client's considering an unsolicited order. The Standards of Conduct only applies to those IAs who receive relief under Rule 3200A