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Canadian Securities Course (CSC) Practice Exam · Question

What is a core principle governing client confidentiality for Canadian investment professionals?

Investment professionals have an ethical and legal obligation to keep client information confidential, only disclosing it under specific, authorized circumstanc

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Question: What is a core principle governing client confidentiality for Canadian investment professionals?

Answer options:

  • Client information can be shared freely within the firm.
  • Client information can be used for personal gain by the advisor. ✅ Client information must be kept confidential and only disclosed with explicit consent or legal requirement.
  • Client information is public domain if the client has an online presence.

Correct answer: Client information must be kept confidential and only disclosed with explicit consent or legal requirement.

Explanation: Investment professionals have an ethical and legal obligation to keep client information confidential, only disclosing it under specific, authorized circumstances or legal compulsion.

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