Ace the Canadian Securities Course 2025 - Rock the CSC Practice Exam!

Question: 1 / 400

Which organization is responsible for protecting eligible customers in the event of IIROC dealer member insolvency?

MFDA

OSFI

CDIC

CIPF

CIPF, or the Canadian Investor Protection Fund, is an organization set up to protect eligible customers of IIROC dealer members in the event of insolvency. The other options, MFDA, OSFI, and CDIC, are not responsible for protecting eligible customers in this situation. MFDA, the Mutual Fund Dealers Association, is responsible for regulating the Canadian mutual fund industry. OSFI, the Office of the Superintendent of Financial Institutions, is responsible for supervising and regulating banks and insurance companies in Canada. CDIC, the Canada Deposit Insurance Corporation, provides deposit insurance for eligible deposits held at member financial institutions in the event of their insolvency. Therefore, CIPF is the correct answer as it is the only organization designed specifically to protect eligible customers in the given situation.

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