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New member
this test is giving me a hard time... and i don't have my book with me... your help is deeply appreciated!!
Aileen Grogan is considering investing in mutual funds an don the advice of a friend, has approached Marcus Green for advice. Marcus is a registered representative with Henson and Hicks, an IDA member and subsidiary of Colossus of Canada. a chartered bank. Aileen has recently read about an investment house going bankrupt and wants to know how her mutual fund investment would be protected should Henson and Hicks or a mutual fund company go bankrupt. Whichy of the following statments is INCORRECT??
1.Aileen's investment would be protected by the Canada Deposit Insurance Corporation (CDIC)
2.Aileen's investment would be protected by the Canadian Investor Protection Fund (CIPF)
3.Any mutual fund inveswtment she makes would be held by a custodian, separate and apart from the mutual fund company.
4.Independent auditors must review the practices and operations of mutual funds on a regular basis.
Aileen Grogan is considering investing in mutual funds an don the advice of a friend, has approached Marcus Green for advice. Marcus is a registered representative with Henson and Hicks, an IDA member and subsidiary of Colossus of Canada. a chartered bank. Aileen has recently read about an investment house going bankrupt and wants to know how her mutual fund investment would be protected should Henson and Hicks or a mutual fund company go bankrupt. Whichy of the following statments is INCORRECT??
1.Aileen's investment would be protected by the Canada Deposit Insurance Corporation (CDIC)
2.Aileen's investment would be protected by the Canadian Investor Protection Fund (CIPF)
3.Any mutual fund inveswtment she makes would be held by a custodian, separate and apart from the mutual fund company.
4.Independent auditors must review the practices and operations of mutual funds on a regular basis.