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CSI Investment Funds in Canada (IFC) Exam IFC Question # 157 Topic 16 Discussion

CSI Investment Funds in Canada (IFC) Exam IFC Question # 157 Topic 16 Discussion

IFC Exam Topic 16 Question 157 Discussion:
Question #: 157
Topic #: 16

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 and re-balance the portfolio. Which of the following statements about Jehona’s permitted activities is CORRECT?


A.

If Sokol has signed a Limited Authorization Form, Jehona can process the 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 given Jehona discretionary trading authority, Jehona can process 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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