Page 1 of 1
Module 4 — Investment Advice Ethics assessment
Knowledge check based on Module 4 of the Okimia training program — Investment Advice Ethics & Conduct. Required for all employees involved in client-facing activity or product decisions. 15 questions, ~8 minutes.
1. Who is the Responsable conformité CIF at Okimia?
*
A
Geoffrey LAIRD
B
Thomas DUBOIS
C
François MENJAUD
D
The CNCGP
2. What does CIF stand for?
*
A
Cabinet d'Investissement Financier
B
Conseiller en Investissements Financiers
C
Centre d'Investissement Français
D
Conseil Indépendant en Finance
3. Which professional association is Okimia a member of?
*
A
ANACOFI
B
CNCGP
C
CNCEF Patrimoine
D
La Compagnie des CGP
4. Annual CPE (continuing professional education) required for our advisors via CNCGP:
*
A
3 hours
B
7 hours, including 2 hours of déontologie
C
14 hours
D
No specific requirement
5. Most Okimia clients are classified under MiFID II as:
*
A
Eligible counterparty
B
Professional
C
Retail (non-professional)
D
It doesn't matter for MMFs
6. When giving investment advice, suitability requires alignment across:
*
A
Knowledge only
B
Knowledge and experience only
C
Knowledge, experience, financial situation, and objectives
D
Financial situation only
7. Which documents anchor the CIF advisory relationship? (Select all that apply)
*
Document d'Entrée en Relation (DER)
Lettre de mission
Déclaration d'adéquation
Public press release
8. Minimum retention period for CIF documentation:
*
A
1 year
B
3 years
C
5 years
D
Indefinite
9. MMF providers paying Okimia 'rétrocessions' is:
*
A
Illegal and prohibited
B
Allowed if disclosed up front and they enhance service quality
C
Allowed without disclosure
D
Required by law
10. Which statement about a money market fund is CORRECT?
*
A
MMFs guarantee capital
B
MMFs offer the same protection as a bank deposit
C
MMFs are typically stable but can suspend redemptions (gating) or break NAV in stress events
D
MMFs are risk-free
11. 'Past performance is not a reliable indicator of future results' — this disclaimer is:
*
A
Optional
B
Required only for retail clients
C
Required on all client-facing performance communications
D
Required only for paid advertising
12. Which of these communications is MISLEADING and should never be used?
*
A
MMFs are typically stable but can lose value in stress scenarios
B
Get 5% on your cash with zero risk
C
The yield can change with rates
D
Past performance is not a reliable indicator of future results
13. Before a client subscribes to an MMF, they must receive:
*
A
Only a brief description
B
Just the fund name and ISIN
C
The PRIIPs Key Information Document (KID), in good time
D
Nothing — the KID is provided after
14. Okimia's primary supervisor for CIF activity is:
*
A
ACPR
B
AMF
C
Tracfin
D
CNIL
15. When you encounter a conflict of interest, what do you do? (Select all that apply)
*
Document it
Report it to François
Decline the engagement if the conflict can't be managed
Hide it from the client to avoid worry
16. Your email address
*
Submit