🔥 Daily ChallengeCIREScope of client relationshipsMedium
A Registered Representative updates a client's investment objectives on Tuesday and executes a trade based on these new objectives on Wednesday. According to CIRO rules, when is the latest the Supervisor can approve this update?
4 attempts · 0% correct
No later than one business day after the trade was executed.Correct
Before the trade is executed.
Within 30 days of the change being recorded.
At the end of the month during the monthly compliance review.
Why
Supervisors must approve new accounts or significant updates no later than one business day after the initial trade is made.
