Happy Lunar New Year!

Did you know that the Canadian Securities Course is increasingly popular in China? And yes, with our online quizzes we can help you pass it in China too!

And for fun, here are some facts on the year of the horse: http://www.theguardian.com/lifeandstyle/2014/jan/31/eight-things-you-probably-didnt-know-about-year-of-horse

Looking for help passing CSC and CPH exams?

Foran Financial Sample Exams are available online. You probably already know that practicing sample exam questions is an effective way of mastering the material. Practicing helps you:

  • Secure your understanding of the material
  • Identify areas of weakness
  • Gage your readiness
  • Manage your time

Foran Financial Online Exams test from the largest, most in depth question bank available for CSC1, CSC2, and CPH. Questions are developed by our securities expert, Ron Foran, who has been helping student pass these exams for over 27 years. Our questions are convenient and affordable (only $50 for 3 exams). A perfect companion to any study regime. For more information and to see what our students are saying about these products, visit our website or give me a call to 416 947 1922. See a sample of our online quizzes below and try some free samples of Foran securities questions in the CSC or CPH categories of our blog. CSC1 sample question CSC1 Sample q answer

New Online Products

Foran is making your exam preparation convenient and accessible with our online sample exam questions for the Canadian Securities Course (CSC), Conduct and Practices Course (CPH) and New Entrants Course (NEC).

Take the CSC1 for example. With a question bank of over 1400 questions, Foran has a comprehensive CSC preparation tool available in an easy to use format.

You get 3 sample exams comprising 100 multiple-choice questions each. We have weighted the questions based on the CSI’s recommended mark distribution for the exam. The questions are taken randomly from a large question bank. Every try generates a unique test for an in depth assessment of your proficiency.

Our tutorial style quizzes give you an immediate answer after each completed question, providing a rationale to help strengthen your understanding.

Our student feedback says it all:

“The online exams were hugely helpful!! They were tough (maybe even tougher) than the exam itself so it raised the bar and really helped a lot!”

If you want more information on our online exams for the CSC, CPH and NEC please visit our website or give us a call at 1 (800) 565-0374.


Coming soon:     Foran Case Study Challenge for FPE1® and FPE2®    Examination Candidates will soon be available online

And for those of you preparing to write the 2013 FPE1 exam, don’t forget that we have an online FPE1 sample exam available until December 1st.

CPH – Conduct and Practices Exam Prep


Chapter 2: Regulation of the Securities Industry

1. In respect to money laundering, “willful blindness” is a situation that arises when individuals are aware that a situation should be investigated but fail to follow through. The usual reason for willful blindness is that the individual does not want to jeopardize a business deal or business relationship. Not reporting a suspicious transaction, due to willful blindness, is punishable by the federal government for a fine of up to _________ and/or imprisonment for up to __________.

a) $5 million ; 5 years.

b) $2 million ; 2 years

c) $2 million ; 5 years

d) $1 million ; 3 years


Chapter 3: Registration of Securities Industry Participants

2. Under NI 31-103, the CSA refers to salespeople as ?

a) Investment Advisors

b) Investment Representatives

c) Dealing Representatives

d) Financial Advisors




1. c) $2 million ; 5 years

2. c) Dealing Representative


Conduct and Practices Exam Prep



Chapter 4: Account Opening Procedures

1. Both the client and dealer member may terminate managed account agreements as long as the request is submitted in writing. Clients may terminate the agreement at any time, but if the dealer member is terminating the agreement, the client must be given at least _____?_____ days notice

a) 7

b) 14

c) 21

d) 30


Chapter 10: Takeover Bids, Insider Bids and Issuer Bids

2. In a friendly take-over bid (where management of the target company is amenable to the takeover bid), a (an) “ ________ agreement” may be signed between the offeror and larger shareholders of the offeree, in which the shareholders agree to sell their shares at a certain price to the offeror.

a) exclusive

b) lock-up

c) priority

d) pre-emptive




1. d) 30

2. b) lock-up


For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

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CPH Exam Prep



Chapter 2: Regulation of the Securities Industry

1. This database allows dealers, underwriters, advisers and individuals to submit registration applications, changes, renewals and fees electronically in a single submission to all regulators?


a) NRD

b) CTO




Chapter 3: Registration of Securities Industry Participants

2. The Investment Representative (IR) designation would probably be held by ?


I. sales assistants

II. portfolio managers

III. non-licensed order representatives

IV. sales personnel at a discount brokerage firm

V. sales advisors


a) I, II, III, IV, V

b) I, III

c) I, II, IV, V

d) I, IV





1. a) NRD – National Registration Database


2. d) An IR is restricted to accepting and placing orders from clients. He/she cannot provide investment advice to clients.

Two examples include, salespeople taking orders

i. as a sales assistant to an IA

ii. at discount brokerage firms


Conduct and Practices Handbook Exam Prep Questions



Chapter 7: Cash and Margin Account Rules

1. If a stock is listed on a Canadian stock exchange; what is correct about the maximum loan rates allowed by IIROC in client margin accounts?

Maximum Loan Rate

I. if stock trades above $2.00 and is eligible for reduced margin                                             70%

II. if stock trades above $2.00 and is not eligible for reduced margin                                    50%

III. if stock trades between $1.75 to $1.99                                                                                       40%

IV. if stock trades between $1.50 to $1.74                                                                                       20%

V. if stock trades below $1.50                                                                                                              10%


a) I, II

b) I, III, IV, V

c) I, II, III, IV

d) I, II, III, IV, V


Chapter 5: Sales and Trading Conduct

2. A securities firm must set up systems and implement procedures to prevent the transmission of confidential material information from one area of the securities firm to another, and to safeguard sensitive information from being used inappropriately. All of the following would be helpful to meet this objective, except ?

a)     Chinese walls

b)    grey lists and restricted lists

c)     green sheets

d)    monitoring of employee trading activity






1.  c)    I, II, III, IV

Statement V is incorrect. If the stock trades below $1.50, the maximum loan rate is zero; not 10%.


2.  c)    green sheets.

Answer c, green sheets, would not be relevant. These are information sheets given to salespeople which highlight the details of a new issue.

Chinese walls represent barriers between certain areas of the securities firm, such as corporate finance and sales. Restricted lists are securities in which the employees of a securities firm cannot trade for a certain time period.


For more on Conduct and Practices check out our CPH and New Entrants Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.


Announcing our new online products!

Announcing our new online products!

We have expanded our selection of online products. We now provide online Sample Exams and Chapter Quizzes for the exams on Canadian Securities. The two types of tests are useful in different ways:

Wondering if you are ready to write your CSI exam? The sample exams simulate the securities exams and give you a final mark so that you know whether you’re ready or if it’s time to get back to the books.

Want to develop your understanding of a specific topic? Chapter Quizzes will help you focus on one chapter at a time, so that you can reinforce your knowledge of the material.

Why pay rewrite fees and go through the stress and hassle of writing the exam more than once? There are online sample exams for the Canadian Securities Course Exams volumes 1 and 2 as well as the Conduct and Practices Handbook Exam. You can either sample this in a “Pop Quiz” format of 15 questions ($10), or take the 100 question “Full Exam” ($50).

Sample exam questions are taken at random from a bank of over1000 questions and are weighted by subject in accordance with the CSI’s marking scheme (CSC1, CSC2, CPH ). Questions appear one at a time and each is followed by the correct answer with a brief rationale.

We also have Chapter Quizzes for the Canadian Securities Course. You can test yourself on any chapter (1-27) of volumes 1 and 2 of the CSC in either a “small package” of 15 questions ($10) or a “large package” of 50 questions ($25). These questions are, again, chosen randomly out of a bank of 100-200 questions per chapter.

And for those who just cannot get enough of our quiz questions, you can buy our full quiz books in hard copy available for CSC1, CSC2, CPH, and any of the courses listed in the “courses” page. For a full list of Foran products check our website.

Until we get student feedback, these products must be ordered over the phone. So please call the Foran office at (416) 947 1922 or toll free at 1 800 565 0374 between regular office hours EST. to place your order.

Conduct and Practices Handbook

This is the final day for the March CPH. The next Foran Conduct and Practices Handbook Exam seminar will be held on May 21-22. We will be posting more for CPH at that time. For more questions, order our CPH Quiz Book with over 1000 questions or try out one of our new online CPH exams.




Chapter 3: Registration of Securities Industry Participants

1. There are four types of introducing/carrying arrangements. The _________ broker takes on increasingly greater responsibilities, moving from Type 1 to Type 4 arrangements. While the client is considered a client of the _________ broker under all four types, the carrying broker has Know Your Client obligations only under Type 1 arrangement, in which the carrying broker has some or all of the sales compliance responsibilities.


a) introducing ; introducing

b) carrying ; introducing

c) introducing ; carrying

d) carrying ; carrying



Chapter 4: Account Opening Procedures

2. Red flags that IAs may encounter during the account opening could include ?

I. clients who are reluctant to provide adequate information or supporting documentation

II. clients who submit documentation that appears to be altered or counterfeit or if all of the documents have recent issue dates

III. clients who submit documents that are photocopies, facsimile images or other electronic reproductions, even when certified as true copies by an attorney acting on behalf of the client

IV. clients who attempt to open accounts in other people’s names

V. clients who provide an address that is out of the local service area

VI. clients who provide a P.O. Box, General Delivery, or other type of mail drop address, instead of a street address when this is not the norm for that area


a) I to III

b) I to IV

c) I to V

d) I to VI




1. c) introducing ; carrying


2. d) I to VI