American Bankers Association Exam CRCM Topic 5 Question 50 Discussion

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

Question #: 50
Topic #: 5

[All Certified Regulatory Compliance Manager Questions]

When is it permissible for a bank that is a government securities broker or dealer to refrain from filing a Form G-FIN-5 or a Form MSD-5 when an employee terminates the associated person status?

AWhen the employee files the form

BWhen the bank does not have all the necessary information and notifies its regulatory agency

CWhen the employee's status is reinstated within six months

DWhen the employee remains employed by the bank and the bank notifies its regulatory agency

Show Suggested Answer

Suggested Answer: D

by Annelle at May 08, 2022, 03:03 PM

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

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