Bundle for IFSE - CIFC tests compilation | everything you need

The Securities Commission - A Provincial and Territorial Regulator, administers jurisdiction's Securities Act or equivalent legislation Canadian Securities Administrators (CSA) - National Regulator, The _________ mandate consists of three goals: •to protect investors from unfair, improper, or...

1. To whom are you permitted to make an unsolicited telephone call to market new products ("cold-call") if they have signed up on the National Do Not Call List (DNCL)? - someone with whom you already have a business relationship Which of the following statements about Mutual Fund Dealers Associ...

CSA - National Instruments are developed through? MFDA - With which organization must mutual fund dealers (outside of Quebec) register? MFDA - Which organization operates the Investor Protection Corporation (IPC)? NI 31-103 - Registration Requirements and Exemptions provides the harmonized regist...

Mutual Fund Corporation - - investors are shareholders - board of directors governs the fund - board of directors are elected by the shareholders at the fund's annual general meeting Mutual Fund Trust - - investors are unit-holders - no board of directors. Governed by trusts or trustees - unit...

Mutual Funds - Investments that hold a collection of different securities such as equities and bonds. Holdings - Collectively, the securities in a mutual fund The 3 main investment objectives - 1. Safety of Principal 2. Income 3. Growth Safety of Principal - Strive to protect investors from los...

Where and when was the first mutual fund created? - Netherlands late 1700s After the Netherlands, to which countries did mutual funds spread? - England, France, USA (1800s) When was the first open-end mutual fund created in the USA? - 1924 When was the first Canadian mutual fund established (CI C...

Ethical Conduct - Adheres to approved standards CCO (Chief Compliance Officer) - Responsible for establishing and maintaining compliance policies and procedures as well as monitoring and assessing compliance. Must submit an annual report to the board of directors detailing the compliance assessme...

2 main government-sponsored programs that can help finance retirement - - Old Age Security (OAS) - Canada Pension Plan (CPP) Old Age Security (OAS) Program - Includes: - OAS - Guaranteed Income Supplement (GIS) - Allowance - Allowance for the survivor Old Age Security (OAS) - - may be clawed ...

6 steps of SIP (Strategic Investment Planning) process - 1. Establish the client engagement 2. Gather client data and identify objectives 3. Clarify client status, problems, and opportunities 4. Identify strategies and present the plan 5. Implement the plan 6. Monitor performance and update St...

3 Common Economic Indicators - 1. Gross Domestic Product (GDP) 2. Inflation Rate 3. Unemployment Rate Gross Domestic Product (GDP) - A measure of the total market value of all the final goods and services produced in the economy in a year. Measured in dollars. Consumer Price Index (CPI) - a mea...