🔥 Daily ChallengeCIREOverview of Canadian securities regulatory frameworkMedium
According to the IDPC Standards of Conduct, which of the following actions by an Approved Person would most likely be classified as 'unbecoming conduct'?
3 attempts · 100% correct
Engaging in a pattern of negligence that diminishes investor confidence in the market.Correct
Failing to meet a monthly sales target set by the Dealer Member.
Resigning from a firm with only two weeks' notice.
Recommending a high-risk investment to a sophisticated institutional client.
Why
IDPC Rule 1402(2) specifically identifies negligence and conduct that diminishes investor confidence as factors in determining unbecoming conduct.
