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CIRO Daily Challenge — March 17, 2026 | EnCiro | EnCiro

Daily Challenge/March 17, 2026

🔥 Daily ChallengeCIREProspective client relationshipsMedium

What are the three specific elements that must be included in the written disclosure of a material conflict of interest under IDPC Rule 3113?

7 attempts · 85.7% correct

The probability of the conflict occurring, the specific dollar value of the conflict, and a list of alternative products.

The financial benefit to the firm, the name of the Approved Person involved, and the firm's compliance history.

The nature and extent of the conflict, its potential impact on the client, and how it has been or will be addressed.Correct

The date the conflict was identified, the internal reporting chain, and the client's right to mediation.

Why

Correct. Rule 3113(1) requires the disclosure to cover the nature/extent, the impact/risk, and the resolution of the conflict.

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