🔥 Daily ChallengeCIREClient complaint handling and reportingMedium
An Investment Representative (IR) also holds a license as a real estate agent. The provincial real estate council denies the IR's license renewal due to a breach of conduct. What is the Dealer Member's obligation under Rule 3703?
The matter must be reported only if the IR is subsequently charged with a criminal offence.
The matter is not reportable because real estate is not a securities-related field.
The matter must be reported because it involves the denial of a license by a regulatory body.Correct
The matter only needs to be reported if the IR also provides real estate services to the Dealer Member's clients.
Why
Correct. Rule 3703(2)(iv)(D) requires reporting the denial of registration or license by any regulatory or professional body.
