American Bankers Association Exam CRCM Topic 7 Question 51 Discussion

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

Question #: 51
Topic #: 7

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?

ARetain the form for 10 years

BVerify the accuracy of all information on the form

CVerify the accuracy of the information by inquiring of all employers of the employee for the previous three years

DVerify the accuracy of the information by inquiring of all employers of the employee for the previous five years

Show Suggested Answer

Suggested Answer: C

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

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