Canadian Securities Course (CSC) Practice Exam · Question
A provincial securities commission (part of the CSA) issues a cease-and-desist order against an unregistered individual promoting unregistered securities. This action falls under which primary function of the CSA?
The CSA, through its member provincial commissions, is responsible for enforcing provincial securities legislation which includes taking action against unregist
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Question: A provincial securities commission (part of the CSA) issues a cease-and-desist order against an unregistered individual promoting unregistered securities. This action falls under which primary function of the CSA?
Answer options:
- Facilitating capital formation for businesses.
- Administering the Canadian Investor Protection Fund (CIPF). ✅ Enforcing provincial securities legislation to protect investors.
- Regulating advisor compensation structures.
Correct answer: Enforcing provincial securities legislation to protect investors.
Explanation: The CSA, through its member provincial commissions, is responsible for enforcing provincial securities legislation which includes taking action against unregistered individuals and entities promoting unregistered securities to protect investors.
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