4-60 Which of the Following Is NOT a Back-Office Service

question 13

Multiple Choice

4-60 Which of the following is NOT a back-office service function in the securities industry?

• A)Correspondent banking services.
• B)Escrow services.
• C)Clearance of securities transactions.
• D)Research services.
• E)Services related to settlement of securities transactions.

---

Definitions:

Illegal Assembly

A gathering that violates the law, typically because it has not been authorized, breaches public order, or poses a threat to safety.

Illegal Conspiracy

An unlawful plan between two or more parties to commit a criminal act or to deceive and defraud others.

Civil Service Reform Act

Legislation aimed at improving the organization, efficiency, and effectiveness of the civil service, often including changes to hiring, promotion, and accountability measures.

Federal Employees

Workers employed by the federal government who may have different labor rights and protections compared to private sector employees, often represented by specific unions.