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CPH > CPH > Flashcards

CPH Flashcards

1
Q

End Value

A

Help define our personal goals; a goal towards which we strive.

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2
Q

Means Value

A

The steps we take towards reaching the end value.

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3
Q

End-based ethical thinking

A

What brings the greatest good for the most people?

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4
Q

Rule-based ethical thinking

A

Which solutions result in a suitable rule for others to follow in similar situations?

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5
Q

Social-contract based ethical thinking

A

Which solution results in the most harmonious relationships among the various groups?

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6
Q

Personalistic-based ethical thinking

A

Which solution aligns most with my authentic self?

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7
Q

Integrated Market Enforcement Teams - who runs and what do they do?

A

RCMP and Federal Government. Strengthen law enforcement to detect, investigate and deter capital market fraud.

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8
Q

Joint Serious Offences Team

A

RCMP, Ontario Sec Commission and Ontario Police - investigate and prosecute violations of Ontario Securities Act.

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9
Q

CTO National Database

A

Cease Trade Order to prohibit trading of a security of a certain company.

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10
Q

International Organization of Securities Commissions

A

Regulates more than 95% of the world’s capital markets. Consistent standards of regulation, enforcement, investor protection, etc.

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11
Q

IIROC

A

Investment dealers and trading activity in debt and equity marketplace.

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12
Q

General Accounts (for CIPF coverage)

A

Cash, margin, options, futures, short

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13
Q

Separate Accounts (for CIPF coverage)

A

Registered retirement accounts, testamentary trusts, inter vivos trusts, personal holding corps, partnerships, unincorporated associations

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14
Q

Placement

A

Structuring (breaking large amounts into smaller sums)
Mingling criminal proceeds with legit businesses
Bribe bank personnel to deposit without reporting
Smuggling cash into less strict countries
Purchasing cheques/drafts and depositing at another location

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15
Q

Layering

A

Creating layers of complex financial transactions

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16
Q

Integration

A

Placing laundered proceeds back into economy, ie purchasing real estate

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17
Q

What can RRs advise on?

A

Full range of equities and fixed income products

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18
Q

Can RRs advise on options, futures?

A

Additional proficiency requirements are needed.

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19
Q

How long is the RR training period?

A

90 days

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20
Q

How long is new RR supervision?

A

6 months

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21
Q

Who is required to do the 30 month requirement and what is it?

A

RRs must do it, WME course

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22
Q

Who can exercise discretionary trading?

A

Portfolio Managers

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23
Q

What is the CE requirement for IRs?

A

Compliance portion only

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24
Q

How long is the training for IRs?

A

30 days

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25
Q

What are the two roles an IR can do?

A

Sales assistant or Investment Representative at order execution only firms

26
Q

Can sales assistants take unsolicited orders from clients?

A

Yes

27
Q

What are RR CE requirements

A

Every 2 years, 20 hours professional development, 10 hours compliance

28
Q

How long do insiders have to report their trades to securities commissions?

A

10 days after date of trade

29
Q

What is the punishment for failing to meet AML regulations?

A

Up yo 5 years in prison and fine of $2mil.

30
Q

What happens to corporate account if you cannot gather info about the beneficial owners after 30 days?

A

Restrict account to liquidating trades and transfers out.

31
Q

How often must a Designated Supervisor review performance of discretionary accounts?

A

Monthly

32
Q

What is a managed account and how often must they be reviewed?

A

Discretionary account on an ongoing basis. Must be reviewed quarterly.

33
Q

What are the termination requirements for a managed accounts?

A

Clients can terminate anytime. Dealer must give client 30 days notice if terminating.

34
Q

What % of a company does a person need to own to be considered an insider?

A

10%

35
Q

What % of a company does a person need to own to be considered a control person?

A

20%

36
Q

Standard trading unit for listed security under 10 cents?

A

1000 units

37
Q

Standard trading unit for listed security 10 cents to $1?

A

500 units

38
Q

Standard trading unit for listed security over $1?

A

100 units

39
Q

Settlement period for GOC Tbills?

A

T+0 days

40
Q

Settlement period for GOC Bonds?

A

T+2 days

41
Q

Settlement period for pref and common shares?

A

T+2 days

42
Q

Minimum quotation spread for security under 50 cents?

A

$0.005

43
Q

Minimum quotation spread for security over 50 cents?

A

$0.01

44
Q

Fill or Kill order

A

As much as possible must be filled immediately, after which the balance of the order is cancelled.

45
Q

Switch order

A

Sequential sale of one security and subsequent purchase of another.

46
Q

Delayed delivery order

A

Buyer and seller agree that delivery will take place outside of regular 3 day settlement period.

47
Q

Standard trading unit of GoC T-Bill and guarantees under 1 yr?

A

$250,000

48
Q

Standard trading unit of GoC guarantees over 1 year?

A

$100,000

49
Q

Standard trading unit of bonds?

A

$25,000

50
Q

Standard trading unit of convertible debentures and debentures issued with $5000 pv with warrants/rights?

A

$5,000

51
Q

Standard trading unit of unlisted stocks under $1?

A

500 shares

52
Q

Standard trading unit of unlisted stocks $1-$99.99

A

100 shares

53
Q

Standard trading unit of unlisted stocks over $100

A

50

54
Q

What are the insider reporting requirements?

A

10 days after initial trade and within 5 days for subsequent trades

55
Q

Max loan value for long positions $2 and over?

A

50%

56
Q

Max loan value for long positions $1.75-$1.99?

A

40%

57
Q

Max loan value for long positions $1.50-$1.74?

A

20%

58
Q

Credit required for short positions $2 and over?

A

150%

59
Q

Credit required for short positions $1.50-$1.99?

A

$3 per share

60
Q

Credit required for short positions $0.25-$1.49?

A

200% of market value

61
Q

Credit required for short positions under $0.25?

A

100% of market value plus $0.25 per share

CPH (1 decks)

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