Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
Don't go to your exam hungry. I recommend grass and berries, but you might want your brain food to be a little more substantial.

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!

$63.63
Next: Sharing in a Client's Profits/Losses
Prev: Misappropriation of Client Funds

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.