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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...

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