Which of the following statements about nominee name accounts is TRUE?

• A.The dealer is the registered owner of the account and holds funds in trust for the client.
• B.Discretionary trading on a client's account, without specific instructions, is permitted.
• C.Holding accounts in nominee name means the client no longer needs to provide any trading instructions.
• D.A Limited Trading Authorization (LTA) is necessary since the dealer, and not the client, is the registered owner of the mutual funds.

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Reginald is a Dealing Representative, who feels pressure from management at the beginning of every calendar year, to open new registered retirement savings plans (RRSPs) and generate RRSP contributions. It is the end of February, and Reginald is close to reaching his personal sales objectives. He just finished an appointment with a prospective new client, Orel. Orel wants to open a tax-free savings account (TFSA) to build emergency savings. However, Reginald recommended to Orel that he should first contribute to an RRSP, and then use the tax savings for a TFSA contribution. With regards to account suitability, what can be said about Reginald's advice?

• A.Reginald is putting the client's interest first by informing Orel why he should change his investment strategy.
• B.Based on Orel's stated need, recommending an RRSP contribution is unsuitable.
• C.Recommending an investment solution that addresses two needs, is putting Reginald's client's interest first.
• D.By convincing Orel to contribute to an RRSP, instead of a TFSA, Reginald has put his client's interest first.

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Gregory is a conservative investor who wants to hold a portfolio of equity securities that would fall less than the overall market in a downturn.
Which of the following portfolios would you advise Gregory to invest in?

• A.a portfolio with a beta equal to 1
• B.a portfolio with a beta between 1 and 2
• C.a portfolio with a beta greater than 2
• D.a portfolio with a beta less than 1

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On which of the following does the Personal Information Protection and Electronic Documents Act (PIPEDA) impose requirements?

• A.consumers
• B.departments and agencies of the Government of Canada
• C.organizations in the private sector subject to federal regulation
• D.departments and agencies of provincial governments

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Barend is a Dealing Representative with Planvest Group Inc., a mutual fund dealer and member of the Mutual Fund Dealers Association of Canada (MFDA). Which of the following CORRECTLY describes Barend's obligation for conflicts of interest?

• A.Barend must identify material conflicts of interest and implement controls on behalf of the firm.
• B.Barend must disclose material conflicts of interest that cannot be addressed in the best interest of the client.
• C.Barend must avoid material conflicts of interest that cannot be addressed in the best interest of the client.
• D.Barend must identify material conflicts of interest and promptly report the conflicts of interest to clients.

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