Wyoming License Law
Under Wyoming license law, a broker's trust account must be reconciled:
ADaily
BWeekly
CMonthly✓ Correct
DQuarterly
Explanation
Wyoming requires broker trust accounts to be reconciled monthly. Proper record-keeping and monthly reconciliation ensure that client funds are correctly tracked and that no commingling or conversion of funds occurs.
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Key Terms to Know
State-Specific Concepts
Trust Account RulesLicense Law
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