2018 April No.78 – Power of Attorney


78. How long must a Broker retain a revoked Powers of Attorney to be retained by a broker?

A. For 5 years after the date of revocation

B. For 3 years after the date the client ceases to be an active client

C. Until client advises no longer needed

D. 12 months after the last entry the broker prepared on behalf of client

E. As long as broker is in business

[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]

The Answer is: A

Citation: 19 CFR 111.23 (b), 19 CFR 111.29 (b)(2)(ii)

[/bg_collapse]



Subscribe
Notify of