Yesterday, Mariana purchased mutual funds for the first time from Diablo, who is a Dealing...

CSI IFC Question Answer

Yesterday, Mariana purchased mutual funds for the first time from Diablo, who is a Dealing Representative for Horizon Financial. When Mariana mentions to her friend Marcus that she just started to invest, Marcus confides that he experienced losses from mutual fund investing. Her initial feelings of excitement have now changed to worry and regret. She wished she had talked to her friend before investing and wonders if she can change her mind.

Which statement regarding the right of withdrawal applies?

The right of withdrawal is based on the securities act legislation within the jurisdiction the purchase occurred.

Before Mariana can cancel her order, she must wait two business days to pass before she can cancel her order.

How the right of withdrawal can be applied is determined by the Mutual Fund Dealers Association of Canada's conduct rules.

The Canadian Securities Administrators have instituted national instruments regarding Mariana's right to cancel her order.

CSI IFC View All Questions

CSI IFC Summary

Vendor: CSI
Product: IFC
Update on: Dec 16, 2025
Questions: 447

Price: $52.5 ~~$149.99~~

Which of the following statements about total return for money market funds is TRUE?

What type of risk remains unaffected by diversification?

New Year Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

Yesterday, Mariana purchased mutual funds for the first time from Diablo, who is a Dealing...

The Answer Is:

Explanation:

CSI IFC Summary

Payments We Accept

Contact Us