Delaware License Law
Under Delaware license law, conversion of client funds is:
AAllowed if the broker has a pending commission
BUsing client funds for the broker's personal benefit, which is a serious violation✓ Correct
CThe process of converting foreign currency at closing
DAcceptable if the client verbally agrees
Explanation
Conversion is the unauthorized use of client funds for personal gain and is a serious violation that can result in license revocation, fines, and criminal prosecution.
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