Is a series 7 required to sign up people on oil/gas lease?
Our bank has numerous branches, a handful of insurance agencies, and also five office locations for non-deposit investment products. I am relatively new to the bank but not to compliance. In reviewing the bank's advertisements, there may periodically be an ad that talks about deposit products that are offered, "checking and savings accounts" and in addition may even mention "mortgages." In the same ad it may mention that we also offer insurance and investments. In the ad that refers to all these types of products, it will not state "Member FDIC" or "Equal Housing Lender" due to including the statement about insurance and investments. I am really having a hard time finding this acceptable even though one FDIC examiner has "OK'd" this type of combined ad in the past. Shouldn't the ad clearly segregate the bank's products and services from the non-deposit investments (with the required disclaimers) and insurance products? I have referred to Part 328 - Advertising of Membership of 12 U.S.C. 1818(a) etc., I just need to know if I am understanding the requirements correctly.
Our bank offers nondeposit investment products through a third party. This party has prepared posters and wants our bank to display them at our teller windows, new account desks and the customer counter in the lobby. I was under the impression that this was not permitted and actually had an examiner take a poster off of our customer counter in the lobby. However, I can't seem to find this in writing anywhere. I can see where it states that tellers should not, while located in the routine deposit-taking area, make general or specific investment recommendations regarding nondeposit products, but it does not specifically state that brochures/posters cannot be located in these areas. Could you please advise me on this issue?