In Canada, the margin requirement for security trading is determined by the:
A) Provincial Securities Commission.
B) Investment Dealers Association (IDA).
C) Toronto Stock Exchange.
D) Bank of Canada.
E) individual brokerage firm.

Question

Quizplus · Accepted Answer

The Investment Dealers Association (IDA) sets and enforces margin requirements for security trading in Canada. The IDA is a self-regulatory organization for the investment industry in Canada and works to ensure a fair and efficient market for investors. While individual brokerage firms may have their own margin requirements, they must comply with the minimum standards set by the IDA.

In Canada, the Margin Requirement for Security Trading Is Determined