Any funds received from a client for payment to the U.S. government that are received by the broker after the date due shall be transmitted by the broker to the U.S. government within _______ working days after receipt. Funds received by a broker from the U.S. government that are owed to a client must be paid to the client or accounted for in writing to the client within _______ calendar days of receipt. Which one of the following choices correctly fills in the two blanks?
A) 5 ; 10
B) 10 ; 10
C) 10 ; 60
D) 5 ; 60
E) 10 ; 30
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: D
Citation: 19 CFR 111.29(a)
[/bg_collapse]