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#946018 - 04/18/08 09:14 PM Boxed Not, Not, May
scout Offline
New Poster
Joined: Jan 2006
Posts: 14
The bank's third party investment broker is insisting that a joint advertisement have the Not, Not, May wording in a bold box. Is this a regulatory requirement? I've not been able to find it on my own.

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Marketing
#946134 - 04/18/08 10:35 PM Re: Boxed Not, Not, May scout
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
The disclosures do not need to be in a box. However, you must segregate the investment products from the bank (FDIC insured) products. Maybe that's what the broker is referring to?
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David Dickinson
http://www.bankerscompliance.com

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#947191 - 04/22/08 02:19 PM Re: Boxed Not, Not, May David Dickinson
Oviedo Boy Offline
Platinum Poster
Joined: May 2006
Posts: 629
Tennessee
Where can I find some guidance on establishing an Investments group within a branch structure, including setting up a referral program, what CSR's within the branch are and are not allowed to say regarding Investment products, etc? Thanks.
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Maybe all one can do is hope to end up with the right regrets.

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#947711 - 04/22/08 08:39 PM Re: Boxed Not, Not, May Oviedo Boy
davidm Offline
100 Club
davidm
Joined: Mar 2003
Posts: 119
Texas
Oviedo Boy, whether you are regulated by the OCC or not, this publication will answer most of your questions.

http://www.occ.treas.gov/handbook/rnis1.pdf

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#948324 - 04/23/08 05:59 PM Re: Boxed Not, Not, May davidm
Oviedo Boy Offline
Platinum Poster
Joined: May 2006
Posts: 629
Tennessee
Thanks!
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Maybe all one can do is hope to end up with the right regrets.

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#949764 - 04/25/08 05:36 PM Re: Boxed Not, Not, May Oviedo Boy
8675309 Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,115
Where the wind comes sweeping ...
Scout -

You might check and make sure you are not contractually required to do whatever your brokerage firm requests. We must submit all marketing materials to our broker-dealer and basically do whatever they ask.

If we don't, it can be named in an audit by the brokerage firm as non-compliance which is sent to our Board of Directors and is a violation of our contract with the brokerage.

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