American Bankers Association Exam CRCM Topic 10 Question 27 Discussion

Actual exam question for American Bankers Association's Certified Regulatory Compliance Manager exam

Question #: 27
Topic #: 10

Which of the following is NOT a requirement when a bank pays an employee a fee for referring a high-net-worth or institutional customer to a broker?

AThe bank must have a written agreement with the broker

BThe bank must give a disclosure to the customer

CThe bank must reasonably believe that the customer is a high net worth or institutional customer

DThe employee must be registered with the bank's regulatory agency

Show Suggested Answer

Suggested Answer: D

by Marge at May 08, 2022, 09:43 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!