My decision is to pursue revocation of this licensee. As background, the licensee, was issued its license in May 2012. It sells approximately redacted firearms annually, 70% which are used firearms, and less than 10% are acquired and sold at gunshows. There were approximate redacted firearms in inventory at the time of inspection, and over redacted Forms 4473 on file for the inspection period. Upon initially inventory verification licensee was found to have not entered the disposition redacted firearms, the licensee was able to reconcile redacted of those firearms, leaving redacted firearms that the license could not locate a disposition document to support a legitimate transaction. Through investigation, the licensee had redacted firearms in inventory that were not documented as acquisitions in the licensee's required records. The licensee also failed to report redacted multiple sales transactions during the review period - which involved redacted firearms. Upon ample discussion and remediation time granted by the IOI , the licensee failed to report to NTC the firearms that could not be reconciled. The licensee did not report the firearms until about two-weeks later and only after numerous contacts and directives to do so by the IOI, did the licensee report the loss of firearms. Accordingly, the licensee failed to account for the disposition of at least redacted firearms (statistically 77% of those firearms were from the secondary market). Through the licensee's own demonstration, he was aware of its expectations under the the provisions of GCA and chose not document the acqusition and disposition of a number of firearms. Show more