Business
Business, 15.06.2021 22:10, imeldachavez124

A customer opens an account at a member firm and gives the minimum amount of information necessary to open the account, refusing to answer several questions. The customer deposits multiple checks into the account over a period of a month, all of which are just below $5,000. Shortly thereafter, the customer liquidates the majority of the assets in the account with checks drawn over a period of several days, all of which are below $5,000. An Operations Professional or Registered Representative who notices this behavior should (A) file a Currency Transaction Report (CTR) immediately if the various transfers exceeded $10,000 and report the customer to FINRA's Whistleblower Department. (B) completely freeze the customer's account so that the customer cannot deposit, withdraw, or invest any assets. (C) file a Suspicious Activity Report (SAR), even though the amounts that are deposited or withdrawn never exceeded $5,000 in any one transaction. (D) personally take possession of the customer's assets into the firm's error account, since opening an account for this customer was clearly an error in judgement.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 12:20, laskew37221
Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:
Answers: 3
image
Business, 22.06.2019 14:30, crystalryan3797
What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695
Answers: 2
image
Business, 22.06.2019 17:20, andrespeerman
States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will
Answers: 1
image
Business, 23.06.2019 01:30, cfonse11
Determine allison's december 31, 2018, investment in mathias balance.
Answers: 2
Do you know the correct answer?
A customer opens an account at a member firm and gives the minimum amount of information necessary t...

Questions in other subjects:

Konu
Mathematics, 24.03.2021 01:00