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ACI

3I0-012 · Question #723

What does the Model Code say about the responsibility of a broker in handling suspicious transactions?

The correct answer is B. Brokers need to make staff aware of the problem and exercise vigilance. See the full explanation below for the reasoning.

Question

What does the Model Code say about the responsibility of a broker in handling suspicious transactions?

Options

  • ASuspicious transactions should be reported by the principals.
  • BBrokers need to make staff aware of the problem and exercise vigilance.
  • CA broker should report any suspicions about a transaction to the other counterparty.
  • DBrokers should advise clients to reject the name.

How the community answered

(57 responses)
  • A
    9% (5)
  • B
    70% (40)
  • C
    18% (10)
  • D
    4% (2)

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