In order to save a service charge from the bank, broker Smith uses his escrow account for his business operating funds, as well as his escrow deposits, keeping accurate and complete records of alltransactions in this account. An INCORRECT statement concerning these actions by broker Smith is that hemay be guilty of conversion.Omay possibly have his license suspended or revoked.may be subject to receiving an administrative fine.O D$.$has acted appropriately as the law requires brokers to keep at least $$5,000$ of personal funds in an escrow account.