Series 7: 17.5.3.1 Segregation Of Functions And Supervision

Taken from our Series 7 Top-off Online Guide

17.5.3.1 Segregation of Functions and Supervision

Segregating duties can reduce the risk of internal fraud and errors. One person should never handle all aspects of a transaction. FINRA recommends that firms segregate the front office from the back office (also called operations). In the front office, representatives work with customers. They make recommendations and take orders

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