An Approved Person (AP) is named the Trustee for a charitable foundation established by a client who is not related to the AP. Which of the following is the most likely outcome under CIRO Rules?

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Rule 2.3.1 prohibits an AP from acting as a Trustee for a client. The exception only applies to Related Persons (family). A charitable foundation established by a non-related client does not meet the exception.

An Approved Person (AP) is named the Trustee for a charitable foundation established by a client who is not related to the AP. Which of the following is the most likely outcome under CIRO Rules?

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