American Bankers Association CRCM Exam - Topic 2 Question 124 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 124
Topic #: 2

[All CRCM Questions]

First National Bank is a municipal securities dealer. Its municipal securities department is supervised by Mary Watkins, a municipal securities principal. The department has five other employees, including two municipal securities representatives. Martin Wells, a commercial loan customer of the bank, tells Ms. Watkins he wants to invest in municipal securities and asks for her help. Mr. Wells has never dealt with the municipal securities department of the bank and has never purchased municipal securities. He wants to purchase the securities today. What should Ms. Watkins do?

ADetermine what he would like to buy and help him buy it

BHelp him make the purchase only if she can be assured the transaction meets the MSRB suitability requirements

CHelp him make the purchase but avoid making any recommendations or comments about the advisability of the transaction

DRefer him to a municipal securities representative

Show Suggested Answer

Suggested Answer: B

by Kathrine at Apr 11, 2026, 11:51 PM

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Erick

2 days ago

I'm not entirely sure, but I feel like referring him to a municipal securities representative might be the safest option.

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Tamie

7 days ago

I think Ms. Watkins should definitely consider the suitability requirements before helping Mr. Wells. I remember a practice question about that.

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