Canadian Securities Course (CSC) Level 1 Practice Exam

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What does full, true, and plain disclosure refer to?

Providing partial information
Omitting essential facts
Disclosure of all facts by those offering securities to the public
Keeping information confidential

The correct answer is: Disclosure of all facts by those offering securities to the public

Full, true, and plain disclosure refers to the practice of disclosing all relevant information by those offering securities to the public. This principle is essential in maintaining transparency and ensuring that investors have all the necessary facts to make informed investment decisions. Providing partial information (Option A), omitting essential facts (Option B), and keeping information confidential (Option D) are not in line with the concept of full, true, and plain disclosure, making them incorrect choices.