2005 April No.70 – BROKER COMPLIANCE


Which is NOT grounds for cancellation or revocation of a broker license?

A. A broker transacts business for an importer who is notoriously disreputable or an individual whose broker license was revoked with prejudice

B. A broker requests his license to be cancelled with prejudice

C. A broker violates any provision of any law enforced by CBP or the rules enforced by CBP

D. A corporate broker is no longer empowered under its articles of incorporation to transact customs business

E. A broker is convicted of a misdemeanor for misappropriation of funds

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The Answer is: A

Citation: 19 CFR 111.42(b)

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