Topics / Duties of a licensed broker

A broker learns that a client made an error in a document the law requires the client to execute. What must the broker do?

  1. Report the client to CBP immediately
  2. Nothing, unless CBP asks
  3. Correct the document without telling the client
  4. Advise the client promptly of the error and the proper corrective actions, and keep a record of the communication
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D. Advise the client promptly of the error and the proper corrective actions, and keep a record of the communication

The broker must advise the client promptly of the noncompliance, error or omission, advise on the proper corrective actions, and retain a record of the communication.

Source: 19 CFR 111.39(c)

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