SIE practice questionmediumReporting customer identity theft
When a broker-dealer suspects identity theft, which plan must be in place for reporting and response?
- ARegulation D
- BAML program
- CRed Flags Rule program✓ Correct answer
- DRegulation S-P
Explanation
Why C — Red Flags Rule program
The Red Flags Rule requires firms to have a written program to detect and respond to identity theft.
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