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CIRO Daily Challenge — April 26, 2026 | EnCiro | EnCiro

Daily Challenge/April 26, 2026

🔥 Daily ChallengeCIREConflicts of interest and ethicsMedium

Which of the following best describes the role of a Trusted Contact Person (TCP)?

2 attempts · 50% correct

A Registered Representative who is assigned to monitor a vulnerable client's account for suspicious activity.

A person designated to authorize trades and withdrawals if the client is unreachable for more than 48 hours.

A person the Investment Dealer may contact to discuss concerns about the client's mental capacity or suspected financial exploitation.Correct

A legal representative who has the authority to override a client's instructions if those instructions are deemed unsuitable.

Why

A TCP has no legal authority over the account. They are a person the dealer can contact to discuss concerns about the client's well-being or suspected exploitation.

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