Review Topics
Practice Exams
I know there might be distractions in the testing facility (hellooooo bison cows), but try to keep your eyes on the prize.

Misappropriation of Client Funds

Dashboard > Violations > Misappropriation of Client Funds

Misappropriation of Client Funds

Commingling of client funds is often a first step that eventually leads to misappropriation of client funds (it's a gateway drug…er, violation).

And in order to misappropriate funds, one needs to have them in their possession first, hence the commingling we just reviewed.

The misappropriation of client funds occurs when a member firm uses client funds in an inappropriate or unauthorized way. Under FINRA Rule 3070, member firms must report this activity if discovered by any employee or p...

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

Next: Unauthorized Borrowing of Client Funds  
  Prev: Recap #5