MR E-Learning (Part 2)

The basic legal relationship that exists between a capital market ______ and client is that of principal and agent.

Type in the missing word

"Individuals across the financial services who serve in marketing unit shall possess the competency in presenting the product's value proposition and developing referrals"

• True

• False

Select the CORRECT penalty for opening account under a false name under S18 of AMLA 2001.

• 
  

  Up to RM3.5 million or 5 year's imprisonment or both

• Up to RM3 million or 5 year's imprisonment or both

• 5 times the proceeds of the unlawful activity or RMs million. whichever is higher.

• 15 years imprisonment

A Customer Due Diligence (CDD) should comprise the following (You may choose more than one answer)

• Verify that any person purporting to act on behalf of the customer is so authorised

• Understand and obtain info on purpose and intended nature of business relationship/transaction

• Obtaining additional information and verification on the customer and beneficial owner

• Identify and verify customer's identity

“A person is prohibited from disclosing any information they have obtained from the regulators or reveal any possible investigation procedures”

The statement above refers to which offense  under AMLA 2001

• Insider trading

• Tipping off

• Account rigging

• False trading

Money Laundering best describes as carrying out transactions involving funds or property, whether from a legitimate or illegitimate source, that may or may not be owned by terrorists, or those have been, or are intended to be used to assist the commission of terrorist acts, and/or the financing of terrorists and terrorist organizations.

• True

• False

The following are prohibited conduct for a PRS consultant as prescribed under FIMM's Code of Ethics:

(You may select more than one answer)

• Make public complaints or negative statements to cause damage to the reputation of others in the industry

• Inducing client to invest into PRS that is not consistent with the financial goals and risk tolerance of the customer

• Requesting or allowing investors to pre-sign any form relating to their investment

• Take clients orders, execute trades, make specific recommendations or give transactional advice

"Instruct another licensed person to carry out the instruction of client for a contract without obtaining consent from the client"

The above statement refers to which of the following misconduct under the CMSA 2007?

• Front running (CMSA 2007 593)

• Short selling (CMSA 2007 598)

• Use of manipulative and deceptive devices (CMSA 2007 5179)

• Sequence of order for derivatives trades (CMSA 2007 5104)

"Integrity means treating those with whom they have professional relationships with respect including helping them understand the roles of the financial products they buy."

• True

• False

Select the correct statements on the reasons behind customer profiling.

(You may choose may than one answer)

• To fine tune offerings and messaging to fit the needs of the customer

• To take more time and effort to convince the customer and create relationships

• To have better communication and connectivity with the customer

• To provide personalised content and messages to the customer