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investment Faqs

What is an Exempt Market Dealer (EMD)?
An Exempt Market Dealer (EMD) is a registered financial firm authorized to sell securities to accredited investors and other exempt purchasers in Canada, bypassing the need for a prospectus.

What is a Prospectus?
A Prospectus is a formal document utilized for public offerings of securities, aimed at providing comprehensive information to the general populace.

What is an Offering Memorandum (OM)?
An Offering Memorandum (OM) is a document designed for private investments among selected accredited investors, offering detailed insights into the investment opportunity.

What are exempt market securities?
Exempt market securities refer to investment products that do not require the full prospectus obligations under certain securities laws, facilitating private placements to specific investor categories.

Who can invest in exempt market securities?
Accredited investors and other exempt purchasers, as delineated by securities regulations, are entitled to invest in exempt market securities.

What is the role of a Dealer Representative?
A Dealer Representative is a professional associated with an EMD, licensed to vend exempt market securities to clientele.

How do I become a Dealer Representative?
Becoming a Dealer Representative necessitates meeting particular educational and proficiency criteria, succeeding in relevant securities examinations, and being endorsed by a registered EMD.

What is the difference between an EMD and an investment advisor?
An EMD specializes in dealing with exempt market securities, whereas an investment advisor generally offers counsel on a wider array of investments, including publicly-listed securities.

What are the registration and compliance requirements for EMDs?
EMDs are required to register with the provincial securities regulatory bodies in the areas they function and adhere to certain regulatory obligations to sustain their registration.

Can I transfer my investments from a different dealer to an EMD?
It may be feasible to transfer your investments to an EMD, contingent on the specific investment products and their transferability criteria.

Can I invest in exempt market securities within my registered accounts, such as an RRSP or TFSA?
Some exempt market securities might be eligible for inclusion in registered accounts, depending on the investment product and its eligibility criteria.

How can I verify if a Dealer Representative or EMD is registered?
The registration status of a Dealer Representative or an EMD can be verified through the Canadian Securities Administrators’ National Registration Search (NRS) database.