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American Bankers Association CRCM Exam - Topic 7 Question 51 Discussion

If a bank is a government securities broker or dealer, what are its responsibilities when it obtains a Form G-FIN-4 or an MSD-4 from an employee?
C) Verify the accuracy of the information by inquiring of all employers of the employee for the previous three years
A) Retain the form for 10 years
B) Verify the accuracy of all information on the form
D) Verify the accuracy of the information by inquiring of all employers of the employee for the previous five years

American Bankers Association CRCM Exam - Topic 7 Question 51 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 51
Topic #: 7
[All CRCM Questions]

If a bank is a government securities broker or dealer, what are its responsibilities when it obtains a Form G-FIN-4 or an MSD-4 from an employee?

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Suggested Answer: C

by Vilma at May 08, 2022, 02:53 PM

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Jean
8 months ago
I thought it was only two years for employer checks, not three or five!
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Hannah
9 months ago
I think verifying accuracy is a must, but three years sounds right.
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Rodney
9 months ago
Wait, five years for employer inquiries? That seems excessive.
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Son
9 months ago
Totally agree, retention is key!
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William
9 months ago
G-FIN-4 forms need to be kept for 10 years.
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Isadora
9 months ago
Hmm, I'm not sure about this one. I'll need to think it through carefully.
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Erinn
9 months ago
I think Lead V is usually placed in the fifth intercostal space, but I'm not totally sure if it's more towards the left sternal border or midclavicular line.
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Alecia
9 months ago
Okay, I've got an idea - I think storage virtualization could be a good solution here. That would let me create backups without having to take anything offline, since the virtualization layer could handle it transparently. I'll make sure to read up on how that works in more detail.
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Evette
10 months ago
Hmm, I'm not totally sure about this one. I know indexes are used to improve query performance, but I can't recall the exact syntax to create one. I'll have to think this through.
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Chaya
10 months ago
Ah yes, that makes sense. The RSVP is only needed on the P routers, not the PE routers. I think I've got it now.
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