Across
- 3. The customer refuses to identify a legitimate _________ of funds or information is false or misleading or substantially incorrect.
- 5. Notifications received from the broker-dealer’s clearing firm that the clearing firm had identified potentially _______________ activity in customer accounts. Such notifications can take the form of alerts or other concern regarding negative news or money movements or activity involving certain securities.
- 8. The customer maintains multiple accounts or maintains accounts in the names of family members or corporate entities with no ___________ business or other purpose.
- 9. The customer’s legal or mailing address is associated with multiple other accounts or businesses that do not appear _______________.
- 11. Securities transactions are unwound before maturity absent volatile _____________ conditions or other logical or apparent reason.
- 12. A customer engages in a frequent pattern of placing multiple _________ orders on one side of the market at various price levels followed by the customer entering orders on the opposite side of the market that are executed and the customer cancelling the original limit orders (activity indicative of “layering”).
- 13. The customer makes a funds deposit followed by an immediate request that the money be wired out or ____________ to a third party or to another firm without any apparent business purpose.
- 15. The customer has __________ describing the nature of his or her business or lacks general knowledge of his or her industry.
- 16. The customer deposits an insurance annuity check from a ________________ policy and immediately requests a withdrawal or transfer of funds.
Down
- 1. The customer’s account shows numerous currency or money orders (particularly sequentially numbered money orders) or cashier’s check transactions ____________ to significant sums without any apparent business or lawful purpose.
- 2. Nonprofit or charitable organizations engage in financial transactions for which there appears to be no _____________ economic purpose or in which there appears to be no link between the stated activity of the organization and the other parties in the transaction.
- 4. The customer engages in excessive __________ entries of funds between related or unrelated accounts without any apparent business purpose.
- 6. The customer frequently ____________ bank account details or information for redemption proceeds in particular when followed by redemption requests.
- 7. Seemingly ______________ clients open accounts on or at about the same time deposit the same low-priced security and subsequently liquidate the security in a manner that suggests coordination.
- 10. The customer has no discernable reason for using the firm’s ___________ or the firm’s location (for ex. the customer lacks roots to the local community or has gone out of his or her way to use the firm).
- 14. A dormant account ___________ becomes active without a plausible explanation (for ex. large deposits that are suddenly wired out).