SIE practice questionmediumSecurities Exchange Act – Reporting Accounts
Broker-dealers must report suspicious activities in which type of account?
- AOnly cash accounts
- BAny account✓ Correct answer
- COnly margin accounts
- DOnly trust accounts
Explanation
Why B — Any account
Broker-dealers are required to report suspicious activity in any customer account, regardless of type, under anti-money laundering regulations.
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