ACI
3I0-012 · Question #493
Name switching is:
The correct answer is C. the practice of a broker attempting to substitute a third name between the two original counterparties. See the full explanation below for the reasoning.
Question
Name switching is:
Options
- Athe practice of a dealer attempting to replace one customer by a new one in a previously dealt transaction
- Bthe practice of a broker having to show a new name to the dealer, although he was full on the first
- Cthe practice of a broker attempting to substitute a third name between the two original counterparties
- Dthe practice of a broker attempting to show a substitution name to get out of a situation in which he was
How the community answered
(21 responses)- A5% (1)
- C86% (18)
- D10% (2)
Community Discussion
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