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Broker Compliance

October 2019 — Question 8

Which of the below time frame is INCORRECT?

Why this answer

The cited provision, 19 CFR 111.30(d) as tested, required each broker to file a written status report on February 1, 1985, and on February 1 of each third year after that date — a triennial obligation. Option D restates it as a filing on February 1 of each year, misstating the frequency, which makes it the incorrect timeframe. The other options faithfully reproduce their sources, including the five-year wait after a revocation with prejudice, the 60-day penalty payment window, and the 180-day district employment rule. E tempts most because its obscure 1983 payment-notice language sounds invented, yet it mirrors the actual notice-to-client rule. Watch for: Suspecting the obscure but accurate 1983 notice rule instead of the annual-versus-triennial error.

Original CBLE Simulator explanation — the question and key above are CBP's; this analysis is ours. Verify against the current edition before relying on it in practice.

CBP's cited authority

§ 19 CFR 111.30(d)

Answer and citations as published in CBP's official answer key for the October 2019 examination.

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