The correct answer is C. Ontario. The Investment Funds in Canada course specifies that the Ontario Securities Commission (OSC) requires registered individuals to notify the regulator of significant personal financial events, including personal bankruptcy.
This requirement exists because personal financial distress may raise concerns about integrity, solvency, and the ability to manage client assets responsibly. While all provinces require high standards of conduct, Ontario explicitly mandates disclosure of bankruptcy to the securities administrator.
The CIFC text highlights that registrants must comply with jurisdiction-specific reporting obligations, making awareness of provincial differences critical. Therefore, Option C is the correct and CIFC-verified answer.
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