American Bankers Association CRCM Exam - Topic 1 Question 29 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 29
Topic #: 1

[All CRCM Questions]

Which of the following advertising activities indicate that a bank would NOT be exempt from SEC registration requirements?

AListing its securities transfer services as a service the bank provides for IRA accounts along with other IRA benefits

BListing its securities services for trust accounts in the bank's extensive trust services brochure

CMentioning in a print advertisement that the bank provides accommodation securities trades for its regular custodial accounts

DStating in an advertisement concerning employee benefit plan services that the bank provides securities brokerage services for employee benefit plan accounts

Show Suggested Answer

Suggested Answer: C

by Lenna at May 05, 2022, 08:03 AM

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Lura

4 months ago

Option C is also a gray area, could be risky!

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Gracia

4 months ago

I thought all banks were exempt from SEC rules, this is surprising!

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Rory

4 months ago

Wait, are banks really exempt from SEC if they do other services?

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Lauran

4 months ago

Totally agree, D seems like a clear indicator.

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Melinda

5 months ago

I think option D is the one that requires SEC registration.

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Armanda

5 months ago

I think the answer is A. FederationIdentifier. That makes sense as the core piece of information needed to map the external user identity to the new portal user during JIT provisioning.

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Rhea

5 months ago

Okay, let me review the options and try to remember what I know about WebLogic clustering.

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Winifred

5 months ago

Tricky question... I'm thinking about muscle fatigue and what's safe for a 40-year-old woman who hasn't been active.

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Cordelia

5 months ago

Hmm, I'm a bit unsure about this one. The options seem pretty similar, so I'll have to think it through carefully. Maybe I should review my notes on the theory of constraints before answering.

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