Which of the following allegations against a colleague, if received from a client in a verbal conversation, would trigger a mandatory reporting requirement for an Approved Person within two business days?

Question

Accepted Answer

Correct. Rule 3702(1)(iv) lists 'unauthorized trading' as one of the serious allegations against another Approved Person that must be reported within two business days, even if the complaint is in 'other form' (e.g., verbal).

Which of the following allegations against a colleague, if received from a client in a verbal conversation, would trigger a mandatory reporting requirement for an Approved Person within two business days?

Discussion