PracticeQs_FIN4024_Week#3_RegulatoryEnvironment_STUDENT

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George Brown College Canada *

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2102

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Finance

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Feb 20, 2024

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docx

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Winter 2024 Week #3: Chapter 3 Canadian Regulatory Environment Q #1: What is front running? Options: 1. What Donald Trump is doing to Nikki Haley. 2. The dangerous act of running in front of a streetcar. 3. Allocating more shares of a hot new issue to your most profitable customer. 4. Trading one’s own account before effecting the same trade for a client. Q #2: Which of the following organizations plays a key role in co- ordinating and harmonizing regulation of Canadian capital markets. Options: 1. Canadian Dealing Network (CDN). 2. Canadian Securities Administrators (CSA). 3. Securities and Exchange Commission (SEC). 4. Securities Industry Association (SIA). Q #3: Laila has a $150,000 3-year, term deposit with Lincoln Trust and a $75,000 1-year, term deposit at RHW Trust. Both trust companies 1
are member institutions of Canada Deposit Insurance Corporation (CDIC). If both companies become insolvent, what maximum coverage under CDIC rules is Laila entitled to? Options: 1. $225,000. 2. $75,000. 3. $175,000. 4. $100,000. Q #4: Graciela has an account with an investment dealer that has a cash balance of $45,000 and also $1,250,000 in a margin account. The dealer becomes insolvent and declares bankruptcy. Under Canadian Investor Protection Fund (CIPF) guidelines, how much compensation is available to Graciela? Options: 1. $1,000,000. 2. $45,000. 3. $129,000. 4. $1,045,000. Q #5: According to the National Do Not Call List (DNCL) rules, an advisor is prohibited from “cold calling” anyone who has been registered on the DNCL database for longer than how many days? Options: 1. 31 days. 2. 7 days. 3. 60 days. 4. 45 days. Q #6: Which of the following organizations has the primary responsibility for enacting legislation and regulations to control the securities industry? 2
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