OMVIC Practice Test

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Question: 1 / 50

OMVIC can refuse, revoke or suspend registration if the financial responsibility or past conduct of an "interested person" concerns them. Who might be considered an "interested person"?

A person with beneficial interest in the business

An "interested person" is someone who holds a beneficial interest in the business, meaning they have a financial stake or ownership in the company. This can include shareholders, directors, and officers. Options B, C, and D are not considered "interested persons" as they do not have a direct financial interest in the business. Therefore, they would not be grounds for refusal, revocation, or suspension of registration.

A random customer

A salesperson only

The janitor

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