Topic
client funds
150 published works
Legal Profession Blog
With All Deliberate Speed
It is my fervent hope that the last of these cases from the prior administration of the District of Columbia Disciplinary Counsel - serious matters where the ODC took eight…
Legal Profession Blog
A Sleeper Case Of Huge Potential Significance
A District of Columbia Hearing Committee has recommended approval of a consent disposition of a partially-stayed six month suspension for negligent misappropriation.The evidence supports Respondent’s admission that he violated Rule…
Legal Profession Blog
Truckin’ To Revocation
In the preceding post, we reported that the Iowa Supreme Court suspended an attorney for the premature taking of a probate fee to which he had a colorable cliaim. In an…
Legal Profession Blog
A Brother ‘s Complaint Leads To A Reciprocal Suspension
A reciprocal sanction of a six-month suspension without automatic reinstatement has been imposed by the New York Appellate Division for the First Judicial DepartmentRespondent was administratively suspended in Massachusetts in…
Legal Profession Blog
Paradise Reinstatement Style
The Hawai'i Supreme Court has reinstated an attorney who had been suspended for 150 days.Hawaii News Now reported on the suspension Former Big Island clerk Jamae Kawauchi is in hot water…
Banking, Finance and Securities
FCA Policy Statement on client money and unbreakable deposits
The FCA has published Policy Statement 18/2: Client money and unbreakable deposits – feedback to CP17/29 and final rules (PS18/2). In PS18/2 the FCA provides feedback and final rules on…
Corporate & Financial Weekly Digest
CFTC Requests Comment on Proposed Exemptive Order to Permit ICE Clear Credit, ICE Clear US and ICE Clear Europe to Invest Customer Funds in French and German Sovereign Debt
By Kevin M. Foley, Timothy D. Nolan
On December 12, the Commodity Futures Trading Commission requested comment on a proposed exemptive order, pursuant to Section 4(c) of the Commodity Exchange Act (CEA), which would grant ICE Clear…
Legal Profession Blog
Normal Stresses No Mitigation
The Illinois Review Board proposes a six-month suspensionThe Hearing Board found that Respondent deliberately and knowingly directed that $11,635, which should have been held to satisfy the Medicare lien in…
Legal Profession Blog
Misplaced Trust
The New York Appellate Division for the First Judicial Department suspended two law firm partners for six months and until further court orderIn this case, both respondents conditionally admit that,…
Banking, Finance and Securities
FCA consults on client money and unbreakable deposits
The FCA has published Consultation Paper 17/29: Client money and unbreakable deposits (CP17/29). In CP17/19 the FCA consults on minor amendments to the Client Assets sourcebook (CASS) as it found…