SIE Overview of the Regulatory Framework Question 17: Answer and Explanation

Question: 17

Which of the following is NOT required to have each partner, director, officer, and employee fingerprinted under SEC Rule 17f-2 – Fingerprinting of Securities Industry Personnel, unless an exemption applies?

• A. Every bank
• B. Every broker
• C. Every registered transfer agent
• D. Every registered clearing agency

Correct Answer: A

Explanation:

A: Choice A is correct because banks are not required to have their personnel fingerprinted under this rule. Choices B, C, and D are incorrect because all of these are included in the rule.