SIE - Securities Industry Essentials Exam
Preview Mode
A customer just deposited $15,000 in cash at your broker-dealer to purchase securities this morning. What must be done?
File a SAR - Suspicious Activity Report
A
Immediately place a DT call on the account
B
Immediately place a REG T restriction on the account
C
File a CTR - Currency Transaction Report
D
Explanations
For cash currency transactions exceeding 10K in one business day for one customer, a CTR must be filed.