American Bankers Association Exam CRCM Topic 7 Question 30 Discussion

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

Question #: 30
Topic #: 7

[All Certified Regulatory Compliance Manager Questions]

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 Jolanda at May 03, 2022, 11:13 PM

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