Chapter 3 (part 3)

Question 1

What are the 8 jobs one can register as part of a dealer member?

Answer 1

1. Dealer representative
2. Trader
3. Supervisor
4. Executive
5. Director
6. Ultimate designated person
7. CFO
8. Chief compliance officer

Question 2

what education do you need to become an Investment advisor?

Answer 2

1. CSC
2. conduct and practices handbook course
3. 90 day training
4. wealth management essentials course

Question 3

What is a the role of a gatekeeper?

Answer 3

to prevent potential illegal client activities in the securities markets.

It is the role of all dealers and all of their employees to be gatekeepers.

Question 4

What does CRM stand for?

Answer 4

Client relationship model created by the IIROC.

Question 5

What kind of document must a dealer provide their client about their account?

Answer 5

Relationship disclosure document

Question 6

What 3 things are firms required to do when handling material conflicts?

Answer 6

1. Avoid conflict
2. Disclose conflict
3. Control conflict

Question 7

the CRM requires assessment in what 5 situations when an investment decision is made?

Answer 7

1. a trade is accepted
2. a recommendation is made
3. Securities are transferred or deposited to an account
4. there is a change of representative of the clients account
5. if there is a material change to a clients information