After a complaint was filed against him, Broker Ike was found guilty of a license law violation. He was fined and had to pay legal fees totaling $8,900. This was paid by the Recovery Fund. What else is likely to happen to Broker Ike? • The FREC can issue a citation and the Ike's license becomes involuntary inactive. O The FREC will suspend the Ike's license until the fund has been repaid in full. O The FREC declares Ike's license null and void. · The FREC will revoke the Ike's license.

After a complaint was filed against him, Broker Ike was found guilty of a license law violation. He was fined and had to pay legal fees totaling $8,900. This was paid by the Recovery Fund. What else is likely to happen to Broker Ike? • The FREC can issue a citation and the Ike's license becomes involuntary inactive. O The FREC will suspend the Ike's license until the fund has been repaid in full. O The FREC declares Ike's license null and void. · The FREC will revoke the Ike's license.