Question

If a member firm does not execute transactions for customers or hold customer accounts, a stress test is required to be conducted:

A) Annually
B) Biannually
C) Quarterly
D) Irregularly

Answer 1

A stress test is required to be conducted annually for member firms that do not execute transactions for customers or hold customer accounts.

Step-by-step explanation:

If a member firm does not execute transactions for customers or hold customer accounts, a stress test is required to be conducted annually.