Types Of Responsibility And Values

Question 1

Legal

Answer 1

Ensure the investment you recommend or client order that you accept is suitable for the client

Question 2

Ethical

Answer 2

Place your client’s needs before your own needs

Question 3

Professional

Answer 3

Must provide best client service as possible

Question 4

Fiduciary Duty

Answer 4

Always put the client’s interests first. Include a high degree of reliance by the client on the rep’s advice and the vulnerability of the client

Question 5

Duty of Care

Answer 5

Focus on:
- Know your client
- Due diligence
- Unsolicited orders

Question 6

Integrity

Answer 6

Focus on:
- Act un an honest, fair and trustworthy manner
- Priority of client’s interest
- Respect of the client’s assets
- Complete and accurate information relayed to client
- Disclosure

Question 7

Professionalism

Answer 7

Focus on:
- client business
- client orders
- trades by registration and approved individuals
- personal business
- personal financial dealings with clients
- other personal endeavours

Question 8

Compliance

Answer 8

Focus on:
- compliance with securities acts and SRO Rules

Question 9

Confidentiality

Answer 9

Focus on:
- client information
- use of confidential information