Topic
client funds
150 published works
Legal Profession Blog
Attorney Suspended For Misconduct In Handling Settlement Proceeds
An attorney retained as successor counsel in a contingent fee personal injury action was suspended for two years with the second year stayed on conditions by the Ohio Supreme Court.The…
Legal Profession Blog
Self-Report Draws Admonition; Funds Held Since 1982
The Vermont Professional Conduct Board had admonished an attorney who had self-reported misconduct that took place in 1982.The issue arose in a real estate transaction in which the (unnamed) attorney…
Business and Commercial
Debt management firms must raise their game, says FCA
The FCA has issued a press release stating that debt management firms must demonstrate that they provide appropriate advice, do not charge unfair fees, and have adequate processes for handling…
Legal Profession Blog
Sixty Year Career Ends in License Revocation
A 75-year-old attorney who was admitted to practice in 1962 has had his career end in license revocation by the Iowa Supreme Court.The attorney had no prior discipline.The problem involved…
Legal Profession Blog
Partnership Ends In Death And Disbarment
An attorney's self-report of misconduct led to his disbarment by the South Carolina Supreme Court.The self-report took place in late 2012, when the attorney learned that his law firm's trust…
Banking, Finance and Securities
PS14/10: Client money held in ISAs and feedback to CP14/9 and final rules
The FCA has published Policy Statement 14/10: Client money held in Individual Savings Accounts: Feedback to CP14/9 and final rules (PS14/10). In PS14/10, the FCA sets out changes to the…
Legal Profession Blog
Addiction Without Rehabilitation Equals Disbarment Where Attorney Bought Drugs With Entrusted Funds
A Fargo attorney was disbarred by the North Dakota Supreme Court for client-related misconduct..The court noted the following findings by the hearing panelThe hearing panel made the following additional findings…
Legal Profession Blog
Probation In California, Disbarred In D.C.
An attorney who had been suspended for two years with the suspension stayed in favor of three years of probation did not fare quite so well in the reciprocal discipline…
Legal Profession Blog
A Non-Venal Conversion Draws A Censure Recommendation
An Illinois Hearing Board has recommended a censure of an attorney who loaned his brother $1,500 in client funds to help pay medical bills for the brother's children.The hearing board…
SDNY Blog
CFTC Sues Corzine Over MF Global’s Failure to Segregate Customer Funds Before Collapse
The CFTC filed an enforcement action yesterday in the Southern District against Jon Corzine, the former New Jersey Senator and Governor, for having overseen MF Global at the time it…