Trust Examiner School - September 2023

Internal Use Only

Broker Relationships

• What are soft-dollar arrangements? • When are they appropriate?

31

Internal Use Only

Broker Relationships

Use of own-bank or affiliated brokerage services: • Bank may provide discount brokerage service or brokered CD program • Complete & accurate disclosures • Prohibited transaction for employee benefit accounts • Use of affiliate’s service is a conflict of interest

32

Made with FlippingBook Digital Publishing Software