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CIRO Daily Challenge — March 13, 2026 | EnCiro | EnCiro

Daily Challenge/March 13, 2026

🔥 Daily ChallengeCIREOverview of Canadian securities regulatory frameworkMedium

When calculating the "net equity" of a customer's account, at what specific time are the securities in the account valued?

The date the account was opened

At closing on the date of bankruptcyCorrect

The date the trustee distributes the assets

The average value over the 30 days prior to bankruptcy

Why

Net equity is calculated based on the value of securities if liquidated at closing on the date of bankruptcy.

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