Canadian Securities Course (CSC) Practice Exam · Question
Which regulatory principle ensures that investment advisors recommend only those investments that are appropriate for a client's specific financial situation and investment objectives?
KYC and Suitability require advisors to gather comprehensive information about a client's financial situation, investment objectives, and risk tolerance to ensu
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Question: Which regulatory principle ensures that investment advisors recommend only those investments that are appropriate for a client's specific financial situation and investment objectives?
Answer options: ✅ Know Your Client (KYC) and Suitability
- Anti-Money Laundering (AML)
- Best Execution
- Conflict of Interest Management
Correct answer: Know Your Client (KYC) and Suitability
Explanation: KYC and Suitability require advisors to gather comprehensive information about a client's financial situation, investment objectives, and risk tolerance to ensure recommended investments are suitable.
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