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Oh Division Of Re Rules Disciplinary ProcessBrokerage_operations_ohEASY

In Ohio, a broker must reconcile the trust account:

Correct Answer

A) Monthly, comparing the bank statement to individual client ledger balances

Ohio requires brokers to reconcile their trust accounts monthly. This involves comparing the bank statement balance to the total of all individual client ledger balances to ensure all funds are properly accounted for.

Answer Options
A
Monthly, comparing the bank statement to individual client ledger balances
B
Annually at the end of each calendar year
C
Only when the Division requests an audit
D
Quarterly, filing a report with the Division

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Related Topics & Key Terms

Key Terms:

trust_accountmonthly_reconciliationclient_ledger
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