True or False: Agents self-reporting compliance issues may face no disciplinary action.

The statement is true because agents who self-report compliance issues often demonstrate accountability and a commitment to resolving any potential problems. This proactive approach can be viewed favorably by regulatory authorities and employers, leading to a more lenient response. The emphasis is on encouraging transparency and ethical behavior within the industry, which can sometimes result in no disciplinary action being taken against agents who voluntarily disclose their compliance issues.

When agents choose to self-report, they provide an opportunity for issues to be addressed before they escalate or lead to enforcement actions. This fosters a culture of compliance and supports the overall integrity of the system. Therefore, the idea that self-reporting can lead to no disciplinary action aligns with best practices intended to promote compliance and ethical conduct in the field.