Brokers must prioritize avoiding conflicts of interest and ensuring client confidentiality. They are required to disclose potential conflicts and secure client information. Regulations mandate informing clients about access to confidential data and proper storage methods. Knowledgeable employees must be appointed for record keeping. Negligence can incur penalties, emphasizing the importance of compliance and accurate record-keeping, as highlighted by a recent legal case involving customs enforcement actions.

#Code of Federal Regulations (CFR) Title 19
#Part 111
#Part 163