Exercise
Answer true or false.
1. _____ The NFA may discipline a guarantor FCM for violations of NFA rules committed by its guaranteed IBs if the guarantor fails to diligently supervise them.
2. _____ New account records should be kept at the office of the guaranteed IB.
3. _____ The written policies and procedures of NFA member firms should be kept on file and made available to both their own personnel and their guaranteed IB