American Bankers Association Exam CRCM Topic 6 Question 41 Discussion

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

Question #: 41
Topic #: 6

[All Certified Regulatory Compliance Manager Questions]

State National Bank has a Web site on which it advertises all of its products. One page of the Web site is devoted to the products of its affiliate, State National Investment Products, InC. The affiliate sells uninsured mutual funds and various other investments not insured by the FDIC. What are State National's responsibilities for this advertising?

ANone. The affiliate is responsible.

BNone. Because it is a Web site, the advertising rules do not apply.

CThe bank must make sure the FDIC logo is properly placed.

DThe bank must make sure that the noninsured disclosures are on this page and that the FDIC logo does not appear.

Show Suggested Answer

Suggested Answer: D

by Geoffrey at May 04, 2022, 11:53 AM

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