Responsibility for the activities of all personnel engaged in dealing (both dealers and support staff) for both principals and brokers lies with:
A) the market supervisor
B) the national ACI association
C) the management of such organizations
D) the central bank

Question

Quizplus · Accepted Answer

The responsibility for the activities of all personnel engaged in dealing for both principals and brokers lies with the management of such organizations. Ultimately, it is the responsibility of senior management to ensure that all staff are properly trained and monitored to ensure compliance with regulations and ethical standards. The market supervisor, national ACI association, and central bank may have roles in regulating and overseeing the activities of financial institutions, but the primary responsibility lies with the management of those institutions.

Responsibility for the Activities of All Personnel Engaged in Dealing