When Is It Permissible for a Bank That Is a Government

When is it permissible for a bank that is a government securities broker or dealer to refrain from filing a Form G-FIN-5 or a Form MSD-5 when an employee terminates the associated person status?

A) When the employee files the form
B) When the bank does not have all the necessary information and notifies its regulatory agency
C) When the employee's status is reinstated within six months
D) When the employee remains employed by the bank and the bank notifies its regulatory agency

Correct Answer:

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