2023 April No.65 – Broker Compliance


65. Within how many days of the date of discovery that an employee is a convicted felon must a duly licensed broker seek approval of such employment from the Assistant Commissioner or be assessed a $5,000 penalty for knowingly employing any convicted felon?

A) Ten (10) days

B) Fifteen (15) days

C) Thirty (30) days

D) Forty-five (45) days

E) Ninety (90) days

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The Answer is: C

Citation: 19 CFR Appendix C to Part 171 VII.B

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