🔥 Daily ChallengeCIREMarket integrity, trade execution and settlementMedium
An Investment Dealer (Participant) is aware of a specific fact regarding a security that would likely influence a client's judgment on whether to proceed with a purchase. What is the Participant's obligation under Policy 8.1?
3 attempts · 100% correct
The Participant must only disclose the fact if they are acting as a principal in the trade.
The Participant must disclose the fact to the client to ensure informed decision-making.Correct
The Participant is only required to disclose the fact if the client specifically asks about it.
The Participant may withhold the information if it was obtained through internal research.
Why
Correct. UMIR Policy 8.1 specifies that an agent must disclose any fact known to them that would likely influence the client's judgment.
