2020 October No.03 – Broker Compliance


In which scenario would the XYZ Brokers Corporation be in violation of 19 CFR 111.24?

A. XYZ Brokers failed to have a licensed broker on staff for 30 days

B. XYZ Brokers failed to submit the name of a terminated employee

C. XYZ Brokers failed to attain a permit

D. XYZ Brokers disclosed a client??s personal records to another brokerage

E. XYZ Brokers hired an employee who once worked for a US government agency

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The Answer is : D

Citation: 19CFR??111.24

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