Canadian Securities Course (CSC) Level 2 Practice Exam

The focus of standards emphasized by IIROC and MFDA for advisors indeed highlights ethical decision-making as a crucial element of their practice. This is because ethical decision-making encompasses the principles of duty of care, integrity, and compliance, which are foundational to maintaining trust and confidence within the financial services industry. Advisors who prioritize ethical decision-making ensure they act in the best interests of their clients, adhere to regulatory requirements, and uphold the integrity of the market.

While confidentiality, professionalism, and commitment assessment are important factors in the advisor-client relationship, they are components that typically fall under the broader umbrella of ethical decision-making. The emphasis on making informed and principled decisions reflects the importance of ethical standards in guiding advisors in their daily interactions and decisions, which is essential for building a reputable and trustworthy professional environment.