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#1982997 - 12/15/14 02:29 PM Retail Nondeposit - Business cards
bstritecky Offline
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Joined: Feb 2005
Posts: 313
sd
Audit found that one of or retail nondeposit brokers business cards were by the teller window. The cards have all the appropriate disclosures and tellers were not handing them out - they somehow just got moved. Audit says this is a violation of interagency guidance and wrote up in audit. I can not find anything that says you can't have business cards by teller window - all I find is that the business cards have to be in compliance. Does anyone know more about this than me????

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#1983001 - 12/15/14 02:35 PM Re: Retail Nondeposit - Business cards bstritecky
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,618
Galveston, TX
I think it is a borderline call, but you are going to have a hard time fighting it.

They are probably referencing the INTERAGENCY STATEMENT ON RETAIL SALES OF NONDEPOSIT INVESTMENT PRODUCTS:

https://www.fdic.gov/regulations/laws/rules/5000-4500.html

Read 2. Setting and Circumstances.

I think you could interpret this pretty broadly.
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#1983007 - 12/15/14 03:06 PM Re: Retail Nondeposit - Business cards bstritecky
bstritecky Offline
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Joined: Feb 2005
Posts: 313
sd
Thank you!!!

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