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Banking CRCM Exam (page: 30)
Banking CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM)
Updated on: 08-Aug-2025

Viewing Page 30 of 276
CRCM PDF 463 Questions

Margin stock includes:

  1. Equity securities registered or having delisted trading privileges on a national securities exchange:
  2. Over-the-counter (OTC) securities that do not qualify for trading in the National Market System
  3. Warrants or rights to subscribe to or purchase a common stock
  4. Securities issued by a investment company registered under the Investment Company Act, except for:
    A company licensed under the Small Business Investment Company Act A company that has at least 95 percent of its assets continuously invested in exempted securities; or
    A company that issues face-amount certificates; or A company that is considered a money market fund under the SEC Rules

Answer(s): D



Purpose credit is credit for all of the following EXCEPT:

  1. Immediate purpose of purchasing or carrying margin stock
  2. Incidental purpose of purchasing or carrying margin stock
  3. Ultimate purpose of purchasing or carrying margin stock
  4. Accidental purpose of purchasing or carrying margin stock

Answer(s): D



Purpose credit is credit for all of the following EXCEPT:

  1. Immediate purpose of purchasing or carrying margin stock
  2. Incidental purpose of purchasing or carrying margin stock
  3. Ultimate purpose of purchasing or carrying margin stock
  4. Accidental purpose of purchasing or carrying margin stock

Answer(s): D



Purpose credit is credit for all of the following EXCEPT:

  1. Immediate purpose of purchasing or carrying margin stock
  2. Incidental purpose of purchasing or carrying margin stock
  3. Ultimate purpose of purchasing or carrying margin stock
  4. Accidental purpose of purchasing or carrying margin stock

Answer(s): D



Under collateral requirements-12CFR 221.7, maximum loan value of margin stock is:

  1. Currently 50 percent of the current market value
  2. Currently 70 percent of the current market value
  3. Subject to change by the Federal Reserve
  4. Subject to change by the Equity Reserve

Answer(s): A,C



Viewing Page 30 of 276



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LeAnne Hair 8/24/2023 12:47:00 PM

#229 in incorrect - all the customers require an annual review
UNITED STATES