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CIRO Daily Challenge — March 6, 2026 | EnCiro | EnCiro

Daily Challenge/March 6, 2026

🔥 Daily ChallengeCIREScope of client relationshipsEasy

Under CIRO IDPC Rule 3402, a suitability determination must be made BEFORE which of the following actions occurs?

1 attempts · 100% correct

The Dealer Member sends a quarterly account statement to the client.

The Dealer Member conducts a routine internal compliance audit of the account.

The Registered Representative attends a general firm-wide training session on new products.

The Dealer Member executes a discretionary trade for a retail client.Correct

Why

Rule 3402(1)(v) specifically mandates that a suitability determination be made before exercising discretion to take an investment action.

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