CISI Investment Funds in Canada (IFC)Exam IFC Question # 20 Topic 3 Discussion

CISI Investment Funds in Canada (IFC)Exam IFC Question # 20 Topic 3 Discussion

IFC Exam Topic 3 Question 20 Discussion:
Question #: 20
Topic #: 3

Karen works Monday to Wednesday for a member of the MFDA as a dealing representative and Thursday and Friday as a language instructor at a local college. Client orders received on Thursdays and Fridays are held until Karen returns to work the following week. What condition of dual employment is violated under these circumstances?


A.

The dealer must maintain procedures to address any potential conflicts of interest


B.

Karen’s alternate employment must not bring the MFDA, its members, or the mutual fund industry into disrepute


C.

The dealer must maintain procedures to ensure continuous service to clients


D.

The dealer must be aware of and approve of Karen’s other occupation


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