TODAY'S FEATURED QUESTION -- Answered by BOL Gurus Mary Beth Guard and Jack Holzknecht Bios
Question: Would it be appropriate for the compliance officer to implement the Red Flag program?
Answer: The board of directors or an appropriate committee of the board is
required to assign responsibility for implementing the Program. The regulations
do not contain criteria for the person to be assigned the responsibility. The
compliance officer would be an appropriate person for the assignment, but others
would be equally appropriate.
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