1. Which of the following are mandated roles of the Mutual Fund Dealers Association (MDFA)?
   1. Reviewing and approving mutual fund and new issue prospectuses before they are offered for sale in a given province.
   2. Registering the companies and individuals that manage mutual fund portfolios.
   3. Improving, coordinating, and harmonizing regulations of the Canadian capital markets.
   4. Performing compliance review for the distribution side of the Canadian mutual funds industry.

2. Which of the following statements about Canadian Securities Administrators is TRUE?
   1. If enforces securities regulations that can result in fines, suspension or termination of membership.
   2. It is a forum for Canadas provincial securities regulatory authorities.
   3. It is an independent and impartial organization whose objective is to attempt to resolve disputes.
   4. It provides protection for eligible customer losses as a result of insolvency of any mutual fund dealer firm.
   5. Which organization produces Canadas National Instruments (NIS)?

3. Which organization produces Canadas National Instruments (NIS)?
   1. Investment Industry Regulatory Organization of Canada (IIROC)
   2. Mutual Fund Dealers Association (MFDA)
   3. Canadian Securities Administrators (CSA)
   4. Provincial Securities Commissions (PSCs)

4. Which of the following is an acceptable form of identification, as required by FINTRAC?
   1. A Canadian dollar credit card
   2. A foreign passport
   3. An employee photo ID Card
   4. A business card
5. You have recently been registered and have been working with a senior dealing representative as port of your mutual fund dealers orientation training program. Your senior dealer has an impressive track record. He regularly performs the following actions with his clients. Which of the following actions is UNETHICAL?
   1. Organizing periodic lunch-and-learn information meetings through your mutual fund dealer.
   2. Acting in the best interest of the client.
   3. Understanding clients needs and objectives.
   4. Recommending leveraging as a profitable strategy to all your clients.