Topic
client funds
150 published works
Legal Profession Blog
Failed Assignment
The dangers of mishandling entrusted funds is once again on display in a decision of the Maryland Court of Appeals.The court disbarred an attorney who held funds under an assignment…
Legal Profession Blog
Divided Mississippi Court Grants Conditional Readmission
An interesting reinstatement petition has convinced a majority of the Mississippi Supreme Court to grant readmission to an attorney disbarred in April 2003 for misappropriation of client funds. The misconduct…
Legal Profession Blog
Show Me the Money
The New Jersey Supreme Court imposed a three-month suspension as recommended by the Disciplinary Review Board for misconduct relating to the rep[resentation of a client who believed that he was…
Legal Profession Blog
Attorney “Gets It” And Avoids Disbarment
The South Carolina Supreme Court declined to disbar an attorney who engaged in serious misconduct in light of his efforts to recover from his drug addiction:The Panel recognized that disbarment…
Corporate & Financial Weekly Digest
UK Supreme Court Lehman Client Money Decision
By Edward Black
On February 29, the UK Supreme Court handed down its decision upholding, in part unanimously and in part by a 3-2 majority, the Court of Appeal’s November 2010 decision in…
Corporate & Financial Weekly Digest
CFTC Adopts Final Rule on Investment of Customer Funds
By Kevin M. Foley, Maureen C. Guilfoile, Christian B. Hennion
The Commodity Futures Trading Commission has adopted amendments to CFTC Rules 1.25 and 30.7 that would narrow the scope of permissible investments for customer funds held by futures commission merchants…
Corporate & Financial Weekly Digest
FSA Fines Integrated Financial Arrangements Plc $5.5 million for Client Money Breaches
By Edward Black
The Financial Services Authority (FSA) announced on December 8, that it fined Integrated Financial Arrangements Plc (Integrated) £3.5 million (approximately $5.5 million) for failings in relation to segregation of client…
Securities Law Prof Blog
Corzine Apologizes, Doesn’t Know Where Customers’ Money Is
The House Committee on Agriculture held a hearing today on the MF Global bankruptcy, at which Jon Corzine was scheduled to testify. Here is an excerpt from his written testimony…
Corporate and Securities Law
CFTC Approves Final Rules on Customer Funds
Securities Law Prof Blog
SIPA Trustee Appointed for MF Global Liquidation
The big news of the week (at least so far) is the bankruptcy filing and SIPA liquidation of MF Global, Inc., which the press reports is one of the largest…