American Bankers Association CRCM Exam - Topic 7 Question 123 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 123
Topic #: 7

A bank is considering canceling its agreement with a broker to which it currently leases space in its lobby. The new plan would include an agreement with a different broker, but bank employees would complete product sales. What should the compliance manager do FIRST?

AEstablish a licensing program for bank employees

BEstablish a training plan for employees who will be selling the nondeposit investment products

CObtain copies of SEC and NASD rules regarding nondeposit investment products

DDetermine the additional compliance risk for the bank as a result of this change

Show Suggested Answer

Suggested Answer: D

by Tanja at Apr 01, 2026, 08:20 PM

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Ernie

18 days ago

Definitely need to train the employees first!

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Elenore

23 days ago

I think the compliance risk is the biggest concern here.

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Helaine

1 month ago

I’m torn between establishing a training plan and determining compliance risks. I guess it depends on how much risk the bank is willing to take on initially.

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Vesta

2 months ago

I feel like understanding the regulations is crucial, which makes option C sound appealing. But I wonder if we should prioritize training first?

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Bronwyn

2 months ago

I remember a practice question that emphasized the importance of training employees before they start selling products. So, option B might be the best choice here.

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Armando

2 months ago

I think the first step should be to assess the compliance risks, so maybe option D? But I'm not entirely sure if that's the right starting point.

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