BIC Reports Licensee As Deceased; Licensee Calls Commission

A broker-in-charge dutifully reported to the Commission that a licensee who had been associated with his firm was deceased.

When the licensee called the Commission to inquire why his license record could not be located on the Internet, he was told it was because according to information reported to the Commission, he was deceased! Needless to say, his records were immediately updated.

The moral of the story is that accuracy is the best policy. Brokers-in-charge, be certain the information you are reporting to the Commission is correct.

This article came from the May 2008-Vol39-1 edition of the bulletin.