October 2020 (AM) — Question 5
If a broker knows that a client has not complied with the law or has made an error, or omission from, any document, affidavit, or other paper which that law requires the client to execute, what should the broker do?
- AContinue to adhere to the contractual agreement between the broker and his/her client
- BImmediately discontinue his/her relationship with the client
- CContact CBP for guidance
- DAdvise the client promptly of the noncompliance✓ CBP's answer
- EPrepare a prior disclosure
Why this answer
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CBP's cited authority
§ 19CFR§111.39(b)
Answer and citations as published in CBP's official answer key for the October 2020 (AM) examination.
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