The Bank Secrecy Act requires financial institutions to

The term ‘state’ as used in the USA refers to

I. the federal District of Columbia

II. the Commonwealth of Puerto Rico

III. any Canadian Province

None of the following are excluded from the definition of person under the USA except:

I. a decedent

II.  a non-emancipated minor

III. the conservator for a person declared mentally incompetent

A person engaged in buying and selling securities is considered, under the USA, a(an)

When a broker-dealer charges a mark-up or mark-down in a transaction, it has acted:

A bank holding company owns a bank and a broker-dealer. Which of the following entities must register as a broker-dealer under the USA?

One of your long-time most profitable individual brokerage firm customers has moved from New York to Florida, permanently. Your broker/dealer is not registered in Florida. If you wish to maintain a financial relationship with this client, you have how many days to register in Florida?

Under NSMIA, Federal covered securities under New York state securities law include each of the below except:

Which of the below is a Federal Covered security?

I. pre-emptive rights of IBM corporation

II. IBM warrants expiring in less than 5 years

III. IBM collateral trust certificates

IV. IBM common stock

Under the USA, the statute of limitations

I. runs for 5 years from the date of a criminal offense

II. runs for no longer than 3 years from the date of a civil violation

III. may result in up to 5 years in prison for criminal or civil misdeeds