Series 26: Exercise

Exercise

Answer True or False

1. 1. True or false. Annual review procedures do not need to include the firm’s remote locations.
2. 2. True or false. Business continuity plans must be reviewed and updated annually.
3. 3. True or false. Records associated with blotters, ledgers, and securities must be retained for three years.
4. 4. True or false. Unusual activity reports must be maintained for 18 months after the report was generated.
5. 5. True or false. Fingerprints need to be kept until one year after employment termination.
6. 6. True or false. The business continuity plan must be disclosed whenever a customer opens a new account.
7. 7. True or false. All account recor