Final answer:
A broker must submit any monies gathered in the course of business to their principal broker within a specific timeframe, which varies depending on the regulations of the jurisdiction.
Step-by-step explanation:
In the course of their business, a broker is required to submit any monies gathered to their principal broker within a specific timeframe. The number of days they have to do this can vary depending on the regulations of the jurisdiction in which they operate.
For example, in some states in the United States, brokers are required to submit the funds within 3 business days. In other states, the timeframe may be 5 business days.
It is important for brokers to adhere to these regulations to ensure transparency and accountability in their financial transactions.