§ 3.71   Warnings.

   The Commission may issue written warnings or forfeitures to accounting
   authorities  which  are  found  not to be operating in accordance with
   established rules and regulations. Warnings will generally be issued for
   violations which do not seriously or immediately affect settlement functions
   or international relations. Continued or unresolved violations may lead to
   further enforcement action by the Commission, including any or all legally
   available   sanctions,  including  but  not  limited  to,  forfeitures
   (Communications Act of 1934, Sec. 503), suspension or cancellation of the
   accounting authority certification.

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