American Bankers Association CRCM Exam - Topic 5 Question 50 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 50
Topic #: 5

[All CRCM 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

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5 months ago

It's B, right? They need to notify the agency.

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Hmm, this seems like a straightforward question about evidence handling. I think the key is to focus on the chain of custody - making sure the evidence is properly documented and accounted for every step of the way.

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Cammy

5 months ago

Wait, is capital budgeting really just about scheduling office personnel? That doesn't sound right. I better re-read the question and options carefully before answering.

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Dalene

5 months ago

Hmm, I'm a bit unsure about this one. The question mentions integrating multiple business units, but I'm not sure how that relates to the API choice. I'll need to think through the different API options and how they might be used in this scenario.

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American Bankers Association CRCM Exam - Topic 5 Question 50 Discussion

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