If your securities are unavailable to be returned, ____ can, at its option, compensate you for the market value of those securities as of the bankruptcy date instead of giving back the physical securities.
A) CDIC.
B) OSC.
C) CIPF.
D) CRA.
E) IDA.

Question

Quizplus · Accepted Answer

CIPF (Canadian Investor Protection Fund) is responsible for protecting investors in case of insolvency of a member investment dealer. If the securities are unavailable to be returned, CIPF can compensate the investor for the market value of those securities as of the bankruptcy date instead of giving back the physical securities. None of the other options mentioned have a role in compensating investors for securities in case of insolvency of a member investment dealer.

If Your Securities Are Unavailable to Be Returned, ____ Can