Canadian Securities Course Exam 1 with correct answers

Canadian Securities Course Exam 1 with |\ |\ |\ |\ |\ |\




correct answers |\




Robo-Advisors - CORRECT ANSWERS ✔✔- Currently Have $45 |\ |\ |\ |\ |\ |\ |\ |\



Billion Dollars in Assets
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- Online Investment Service
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Self-Regulatory Organizations - CORRECT ANSWERS ✔✔- IIROC - |\ |\ |\ |\ |\ |\ |\ |\



Investment Industry Regulatory Organization Of Canada
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- MFDA - Mutual Funds Dealers Association
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Canadian Investor Protection Fund - CORRECT ANSWERS ✔✔-
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Canadian Investor Protection Fund|\ |\ |\




- Provides Insurance Against Dealer Insolvency
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Types Of Investment Dealers - CORRECT ANSWERS ✔✔- Retail
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Firms
- Institutional Firms
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- Integrated Firms
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Retail Firms - CORRECT ANSWERS ✔✔- Full Service Investment
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Dealers and Self-Directed Brokers
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- Offers a Wide Variety Of Products And Services For The Retail
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investor

,Institutional Firms - CORRECT ANSWERS ✔✔- Investment Dealers |\ |\ |\ |\ |\ |\ |\ |\



That Serve Exclusively Institutional Clients
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- Organizations that Trade Large Volumes Of Securities. These
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Include Pension Plans and Mutual Funds
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Integrated Firms - CORRECT ANSWERS ✔✔- Full Service Firm
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- Offers a Wide Variety Of Products an Services Across The Industry
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and Participate Fully In Both Retail And Institutional Markets.
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Organizations Within Firms - CORRECT ANSWERS ✔✔- |\ |\ |\ |\ |\ |\ |\



Management |\




- Front Office
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- Middle Office
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- Back Office
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Front Office - CORRECT ANSWERS ✔✔- All Functions Pertaining To
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Portfolio Management |\




- Trading
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- Sales
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- Marketing
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Middle Office - CORRECT ANSWERS ✔✔- Performing Functions
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Critical To The Efficient Operation Of The Firm
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- Compliance
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- Accounting
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- Audits
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,- Legalities
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Back Office - CORRECT ANSWERS ✔✔- Settles Security
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Transactions


Principle Transactions (Acting As A Principle) - CORRECT ANSWERS
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✔✔- Owns The Securities As Part Of Their Inventory
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- Underwriting - Uses Own Capital to Buy And Sell At A Profit
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Underwriting - CORRECT ANSWERS ✔✔Use Own Capital To Buy |\ |\ |\ |\ |\ |\ |\ |\ |\



And Sell At A Profit
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Agency Transactions (Acting As An Agent) - CORRECT ANSWERS
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✔✔- Does Not Own the Securities
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- Acts On Behalf Of Buyers Or Sellers
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- Profit Is From Commission
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Schedule i Charter Banks - CORRECT ANSWERS ✔✔- Fully Owned
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and Operated As Canadian Banks
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- Domestic
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- Canada's Six largest Banks
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- Bank Of Montreal (BMO)
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- Canadian Imperial Bank Of Commerce (CIBC)
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- Royal Bank Of Canada (RBC)
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- The Bank OF Nova Scotia
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- Toronto-Dominion Bank (TD Bank)
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, - National Bank
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Schedule ii Banks - CORRECT ANSWERS ✔✔- Incorporated And
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Operated In Canada As Federally Regulated Foreign Bank
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Subsidiaries |\




Examples: |\




- AMEX Bank Of Canada
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- CitiBank Canada
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- UBS Bank
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Schedule iii Banks - CORRECT ANSWERS ✔✔- Are Federally
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Regulated Foreign Bank Branches That Have Been Allowed to Do
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Banking Business In Canada Under The Bank Act.
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Examples:


- Barclays Bank
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- The Bank Of New York Mellon
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Sources And Users Of Capital - CORRECT ANSWERS ✔✔-
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Individuals |\




- Domestic and Foreign
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- Businesses
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- Stocks and Bonds
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