SIE Exam Practice Question 350
Question: 350
A customer deposits $2,000 of cash into a brokerage account in the morning and $10,000 in cash into the same account that afternoon. The firm is required to file
Correct Answer: B
Explanation:
B - A Currency Transaction Report (CTR) must be filed with FINCEN within 15 days for any cash deposits in excess of $10,000 in a single day.
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