Jehona is a Dealing Representative with Vista Wealth Investments Inc., a mutual fund dealer in Ontario and Nova Scotia. Jehona has reviewed her client Sokol's account and wants to adjust the holdings andre-balance the portfolio. Which of the following statements about Jehona's permitted activities is CORRECT?

• A.If Sokol has qiven Jehona discretionary tradinq authority, Jehona can process trades in the account without Sokol's pre-approval.
• B.If Jehona wants to execute trades for Sokol's account, Sokol must provide his specific authorization before the trades are entered.
• C.If Sokol has siqned a Limited Authorization Form, Jehona can process the trades in the account without Sokol's pre-approval.
• D.If Jehona wants to execute the trades without Sokol's pre-approval, Sokol must first appoint Jehona as his Power of Attorney.

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One of your clients, Fernando, is approaching 71 years of age and has a few questions regarding life income funds (LIFs).
Which of the following statements about LIFs is TRUE?

• A.Fernandocan transfer money from his registered retirement savings plan (RRSP) to a LIF.
• B.Fernando can transfer money from his locked-in retirement account (LIRA) to a LIF.
• C.Fernando may make contributions tohis LIF if he continues working.
• D.Fernando is free to withdraw any amount from his LIF above the minimum amount.

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Which of the following characteristics about mortgage mutual funds is CORRECT?

• A.risk-free where the mortgages are National Housing Act (NHA) insured
• B.if interest rates fall, the mutual fund's net asset value per unit (NAVPU) will decline
• C.suitable only for high risk investors
• D.typically monthly distributions of interest

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Greg is a Dealing Representative. As a part of his business building activity, Greg prepares several messages to post on his website and Facebook page. Which statement CORRECTLY describes this situation?

• A.Posting a sales communication to a website is prohibited by the Personal Information Protection and Electronic Documents Act (PIPEDA).
• B.Posting messages to Facebook is prohibited by Canada's Anti-Spam Law (CASL).
• C.Greg's messages must be approved by his dealer before he can publish or issue the communication.
• D.Greg must not discuss the investment performance, rankings, or ratings of a fund in his communication.

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Russell is a Dealing Representative with Wealth Quest Strategies Ltd., a mutual fund dealer and member of the Mutual Fund Dealers Association of Canada (MFDA). Russell is developing his website to include sales content on a Target Date Fund. Which of the following is Russell permitted to include on his website about the Target Date Fund?
i. the asset mix through the life of the fund until the future date
ii. the expected decline in the fund's risk level as the fund reaches its target date iii. the guaranteed return that the client will receive on the future date iv. a graphic illustration of the fund's promised growth on target date

• A.i and ii
• B.i and iii
• C.ii and iv
• D.iii and iv

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