Canadian Securities Course (CSC) Practice Exam 2025 – The Comprehensive All-in-One Guide to Exam Success!

Question: 1 / 400

What does the MFDA IPC (Mutual Fund Dealers Association Investor Protection Corporation) provide for eligible customers of insolvent MFDA member firms?

Protection for collective accounts up to $1M

Protection for each separate account up to $1M

The MFDA IPC provides protection to customers of an insolvent MFDA member firm for individual accounts up to $1 million. This means that if a customer has multiple separate accounts with the same firm, each account would be covered up to $1 million. Option A is incorrect because it only provides protection for collective accounts, which is not the same as individual accounts. Option C is incorrect because there is a limit of $1 million for each separate account. And option D is incorrect because protection is provided, but only for individual accounts up to $1 million.

Get further explanation with Examzify DeepDiveBeta

Protection for unlimited funds

No protection provided

Next Question

Report this question

Download Canadian Securities Course (CSC) Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy