Series 79 practice questionmediumBusiness Continuity Planning
Under FINRA Rule 4370, which of the following is a required element of a broker-dealer’s business continuity plan?
- AA list of all clients’ personal net worth
- BA backup power generation facility onsite
- CAlternate means of communication with customers and employees✓ Correct answer
- DA physical branch in every major city
Explanation
Why C — Alternate means of communication with customers and employees
A BCP must provide for alternate communication channels with clients and staff. The trap is thinking BCPs require detailed client financials or universal physical presence.
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