Question 2:
You are offered a special investment opportunity with a guaranteed rate of return of 12% a year for a one year period. Should you consider this investment?
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CORRECT!
Currently, guaranteed investments such as GICs and Canada Savings bonds generally provide a rate of return of less than 1% a year for one year terms. This means that it is unlikely for an investment to be guaranteed and to provide a 12% return because the risk of the product (which is essentially zero since it is guaranteed) does not correspond to the high rate of return of 12%.Remember, if it sounds too good to be true, it probably is!
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MFDA and IIROC have consolidated
As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).
New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.
We have set up an interim website for updates and information related to the New SRO including:
Executive Management
Governance
New SRO Rules
Member Application
Investor Office and the Investor Advisory Panel
Information concerning mutual fund dealers registered in Québec
Complaints
Careers
Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on www.mfda.ca and www.iiroc.ca.
