Which ONE of the following statements pertaining to the receipt of a pre-penalty notice for the assessment of a monetary penalty against a broker is correct?
A) 30 business days from the date of the mailing of the notice is given to the broker to submit a response to the allegation or complaint.
B) 30 business days from the date of the mailing of the notice is given to the broker to pay the monetary penalty or make arrangements for its payment.
C) 30 calendar days from the date of the mailing of the notice is given to the broker to submit a response to the allegation or complaint.
D) 60 calendar days from the date of the mailing of the notice is given to the broker to pay the monetary penalty or make arrangements for its payment.
E) 60 calendar days from the date of the decision is given to the broker to pay the monetary penalty or make arrangements for its payment.
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The Answer is: C
Citation: 19 CFR 111.92(a)
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