Review Topics
Practice Exams
Dancing silently in your chair = appropriate celebration. Jabbing your pencil in the air and yelling "IN YOUR FACE, ETS" = not so much.

Unauthorized Borrowing of Client Funds

Dashboard > Violations > Unauthorized Borrowing of Client Funds

Unauthorized Borrowing of Client Funds

Unauthorized borrowing of client funds and/or securities sounds like something some jerk with no ethics would do, right?

You'd hope so…except that it happens enough that there's a rule explicitly prohibiting it. (A rule prohibiting stealing? Where have we seen that before? Oh, you know, in the laws of just about every religion and society in the world. So it makes sense that it must be expressly prohibited in your new religion, as outlined in the Uniform Securities Act).
To a firm like A...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

Next: Sharing in a Client's Profits/Losses  
  Prev: Misappropriation of Client Funds