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American Bankers Association CRCM Exam - Topic 7 Question 42 Discussion

Which of the following bank policies does NOT comply with the Interagency Policy Statement on the Retail Sales of Nondeposit Investments?
D) Tellers and new accounts personnel will receive a $25 fee for all customers referred to the nondeposit investment department on the customer's purchase of an investment product.
A) Supervisors and sales personnel will receive compensation based on the volume of sales each department achieves as well as the effectiveness of the department's ability to find suitable investments for customers.
B) All bank employees engaged in the sale of nondeposit investments will provide the bank's required disclosures to all customers before the purchase of a nondeposit investment product.
C) No teller will discuss nondeposit investment products with a bank customer.

American Bankers Association CRCM Exam - Topic 7 Question 42 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 42
Topic #: 7
[All CRCM Questions]

Which of the following bank policies does NOT comply with the Interagency Policy Statement on the Retail Sales of Nondeposit Investments?

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Suggested Answer: D

by Catalina at May 09, 2022, 12:55 PM

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Beckie
8 months ago
D is a clear violation, can't incentivize like that!
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Sherron
8 months ago
Wait, are they really paying tellers for referrals? Sounds sketchy!
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Hubert
8 months ago
C seems too restrictive, but maybe it's necessary?
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Reyes
8 months ago
I think B is the right approach, full transparency!
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Chaya
9 months ago
A is definitely a conflict of interest.
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Audra
9 months ago
This looks like a straightforward question on data protection techniques. I'll start by reviewing the key terms and trying to identify the one that doesn't fit.
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Isaac
9 months ago
Yeah, I agree. The options about Oracle XE not being fully functional and the repository not being migrated are good clues. I'm feeling pretty confident I can nail this one.
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