Canadian Securities Course (CSC) Practice Exam · Question
Which scenario best illustrates a breach of client confidentiality?
Sharing a client's specific investment holdings with an unauthorized third party directly violates the principle of client confidentiality, which requires that
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Question: Which scenario best illustrates a breach of client confidentiality?
Answer options: ✅ An investment advisor shares a client's specific investment holdings with an unauthorized third party.
- An investment advisor provides general market commentary to multiple clients via email.
- An investment advisor discusses a client's risk tolerance with a colleague for suitability assessment purposes.
- An investment advisor transmits a client's trading instructions to a dealing desk for execution.
Correct answer: An investment advisor shares a client's specific investment holdings with an unauthorized third party.
Explanation: Sharing a client's specific investment holdings with an unauthorized third party directly violates the principle of client confidentiality, which requires that personal and financial information be kept private.
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