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CSI Investment Funds in Canada (IFC) Exam IFC Question # 62 Topic 7 Discussion

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CSI Investment Funds in Canada (IFC) Exam IFC Question # 62 Topic 7 Discussion

IFC Exam Topic 7 Question 62 Discussion:
Question #: 62
Topic #: 7

Josephine is a Dealing Representative with Sunshine Mutual Funds Inc. for over 10 years. Her brother Jonathan has an account with Sunshine Mutual Funds Inc., too. Jonathan wants Josephine to manage his

portfolio and make investment decisions on his behalf. Jonathan trusts his sister to make better investment choices than he can. He also wants to give Power of Attorney (POA) to Josephine so she can have full authority over his account.

How can Josephine respond to her brother's request?
A.

Josephine can accept a limited POA.

B.

Josephine cannot accept the POA as she is not the immediate family.

C.

Josephine can accept the POA as it is an exception that is permitted under the MFDA rules.

D.

Josephine should accept the POA after making a full disclosure to her dealer about the POA.

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Actual exam question for CSI IFC exam by Vega2387 at Sep 28, 2025, 12:11:26 AM

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