Massachusetts License Law
A Massachusetts broker is found guilty of embezzling client funds. In addition to criminal penalties, the broker will likely face:
AA civil warning from the Board only
BLicense revocation and ineligibility for reinstatement✓ Correct
CA mandatory waiting period before license renewal
DMandatory ethics classes only
Explanation
Embezzlement (conversion) of client funds is among the most serious violations a Massachusetts broker can commit. It results in license revocation and typically ineligibility for future licensure, in addition to criminal prosecution.
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