Question: please help me with these !!!!!!!!!! Sam is an MER working for a mutual fund dealer. The dealer's head office is in Quebec. The dealer
please help me with these !!!!!!!!!!
- Sam is an MER working for a mutual fund dealer. The dealer's head office is in Quebec. The dealer has offices in Quebec, Ontario, and Alberta. Sam is licensed as an MFR in Alberta and Ontario. Sam's office is based in Ontario, but he travels to Quebec often for work.
Jan is one of Sam's clients. Jan lives in Ontario, but is relocating to Quebec in order to spend more time with aging parents. Luckily, her work will accommodate her and will be move next month. What must Sam do?
a. Sam doesn't need to do anything - his head office is located in Quebec, so he can continue to trade for Jan
b. Sam doesnt need to do anything - ft he is in Quebec, he can trade for Jan while she is also in Quebec
c. Sam must transfer her file to an MFR who lives in Quebec
d. Sam must transfer her file to an MFR who is licensed in Quebec
2. Sam is an MER working for a mutual fund dealer. The dealer's head office is in Quebec. The dealer has offices in Quebec, Ontario, and Alberta. Sam is licensed as an MFR in Alberta and Ontario. Sam's office is based in Ontario, but he travels to Quebec often for work.
Jan is one of Sam's clients. Jan lives in Ontario, but commutes daily to the US, where she work full-time. Jan travels often to Quebec, to visit her parents, who live there. Due to her hectic schedule, Jan wants to call Sam and place a mutual fund trade over the phone. Where must she physically be in order to do this?
a. Both Quebec and Ontario are acceptable options
b. Ontario
c. Quebec
d. Anywhere she wants - it's a phone call
3. Sam is an MER working for a mutual fund dealer. The dealer's head office is in Quebec. The dealer has offices in Quebec, Ontario, and Alberta. Sam is licensed as an MFR in Alberta and Ontario. Sam's office is based in Ontario, but he travels to Quebec often for work.
In which provinces can Sam sell mutual funds?
*assume the dealer has not employed and registration requirements*
- Ontario alone.
- Quebec, Ontario and Alberta
- Ontario and Quebec
- Ontario and Alberta
4. Sam is an MER working for a mutual fund dealer. The dealer's head office is in Quebec. The dealer has offices in Quebec, Ontario, and Alberta. Sam is licensed as an MFR in Alberta and Ontario. Sam's office is based in Ontario, but he travels to Quebec often for work.
Jan is one of Sam's clients. Jan lives in Ontario, but commutes daily to the US, where she work full-time. Jan travels often to Quebec, to visit her parents, who live there. Currently, Jan is on vacation in Alberta, and calls Sam. She needs to process a small redemption into her bank account. Sam CAN accept this order.
- True
- False
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