Customer Screening and Documentation: Rapid Fire

What this video covers

• The four exact Customer Identification Program (CIP) items and why wealth, occupation, and income are classic exam traps that belong to suitability, not identity
• Why a post office (P.O.) box alone fails CIP address requirements and how documentary versus non-documentary verification both satisfy the rule
• The stop-escalate-silence protocol for Office of Foreign Assets Control (OFAC) hits and why the registered representative never resolves the match or tips the customer
• The $5,000-plus-suspicion threshold for a Suspicious Activity Report (SAR) versus the over-$10,000 cash trigger for a Currency Transaction Report (CTR), and why structuring is a standalone federal crime
• The 10% corporate insider threshold, the six-month short-swing profit rule, and why profits in that window must be disgorged
• Regulation S-P opt-out limits: nonaffiliated third parties yes, internal affiliate sharing no, plus the 30-day breach notification deadline
• Limited versus full power of attorney (POA), why both die with the principal, and the three-part test for true discretionary authority versus time-and-price discretion that expires at day's end