What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)
What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)
A . The trade information on a physical certificate can be easily altered
B . Physical certificates do not expire and may be held by the owner for perpetuity
C . There is little information readily available to the broker confirming the source of the funds
D . Physical certificates may be provided to nominees for deposit or settled in off-market transactions
Answer: CD
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