Compliance Officers in Brokerages or Banking Houses Are Encouraged to Report

question 51

True/False

Compliance officers in brokerages or banking houses are encouraged to report
violations of laws and regulations and are assured that no adverse action will be
taken against them by their employers.

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Definitions:

Boundaries

Limits or borders that define the space within which actions occur or the extent of acceptable behavior.

Competence

Refers to the ability of an individual or organization to effectively perform or carry out a specific task or role.

Ethical Decision-making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Moral Decision-making

The process of choosing the right or ethical course of action when faced with a moral dilemma.