2021 October No.79 – Broker Compliance


Which of the below statements is FALSE?

A. A broker must not procure or attempt to procure, directly or indirectly, information from government records or other government sources of any kind to which access is not grantedby proper authority.

B. A broker may allow his license, permit or name to be used by or for any unlicensed person (including a broker whose license or permit is under suspension), except his own employeesauthorized to act for him, in the solicitation, promotion or performance of any customsbusiness or transaction.

C. A broker must not act on behalf of any person, or attempt to represent any person, regarding any protest unless he is authorized to do so in accordance with part 174 of this chapter.

D. A broker must not endorse or accept, any U.S. Government draft, check, or warrant drawn to the order of the client, unless authorized by his client.

E. The Assistant Commissioner may accept a broker’s written voluntary offer of suspension of the broker’s license or permit for a specific period of time under any terms and conditions towhich the parties may agree.

 

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The Answer is: B

Citation:19 CFR § 111.37, 19 CFR § 111.19

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