Sentences with phrase «client money rules»

Questions concerning the statutory trust created by the client money rules in the FSA Handbook at CASS 7.

For example, ASIC requires EightCap to maintain segregated accounts for its clients» funds at the National Australia Bank (NAB) in accordance with the Australian Client Money Rules.

All client monies at EightCap are held in segregated client trust accounts with the National Australia Bank (NAB), a Tier - 1 Australian Deposit - Taking Institution, maintained and operated in accordance with the Australian Client Money Rules.

In accordance with Australian client money rules, FXCM Australia's client funds are held in segregated bank accounts with an Australian authorised deposit - taking institution branch of Commonwealth Bank of Australia, and held separately to FXCM Australia's corporate / operational funds accounts.

The Australian client money rules mandate the orders that the client money should be paid out in the event of insolvency.

Client Money deposited with FXCM Australia will be segregated in accordance with the Australian Client Money Rules.

Not exact matches

One of the fairly fundamental rules brokers need to abide by is to «know their client» but, because they make things extra easy during the joining process, they usually don't get all of the personal ID or proof of address details they need to make sending money back to you legal from their end.

To be more specific, there are rules regarding the creditworthiness of your clients, deadlines for payments, and rates regarding the money you can take in advance.

The basic rule for independent business finance brokers is to charge a lower percentage for larger money amounts — or set a cap or flat rate to encourage clients to come to you, knowing they will be able to get the services they need, while only having to pay a little extra to you directly.

The result could cost the clients a lot of money and expose the advisor to fiduciary rule liability, experts say.

The Miami case is embarrassing, but so is the 2012 Penn State case, the Reggie Bush USC sanctions, the separation of agents from their future clients, the random declarations of ineligibility, the year waiting period between transfers, the regulation of student - athlete endorsements and use of their own likenesses in products, the rules governing recruiting at any level, and a hundred other daily absurdities fostered by the need to keep money out of the hands of those who earn it.

People are against such rules due to the fact that such places of interest will lose their clients and lose money.

Accelerated Cost Recovery System (ACRS) Acceptance, Waiver, and Consent Procedure Account Guarantee Acknowledgment Accredited investor Accretion Accumulation period Accumulation units Acid test ratio ACRS Actively traded securities Additional bond test Additional takedown Adjustment bonds ADR Ad valorem taxes Advance / decline ratio Advertising Adviser's client account Affiliated Persons Affirmative defense Affirmative determination Agency sales ticket Agency transaction Agent Aggregate indebtedness Agreement among underwriters Agreement of limited partnership Aggregate exercise price Alpha All - or - none All - or - none underwriting Alternative minimum tax Alternative orders Alternative trading system American Depository Receipt American Stock Exchange (AMEX) American - style options AMTI Amortization Annual report Annuity Annuity units Anti-dilution clause AON Arbitrage Arbitration Asked price Asset Asset allocation Asset class Assignment Assistant Representative - Order Processing Associated persons ATS At - the - close order At - the - money At - the - opening order At - risk rule Auction market Auditor's report Automated Confirmation Transaction (ACT)

The FTC's Telemarketing Sales Rule prohibit charging fees to your client prior to completing the debt reduction services you promise Since it may take months to complete a debt settlement, have enough money available to pay your expenses for at least six months until you build your business to a point where you are receiving reliable income.

«I could have lost that money,» he says, adding when he filled out forms for his TFSA under the know - your - client rule he said his profile was «100 % risk and 100 % speculation.»

Here at Sensible Money, we know the rules and work with our clients to make sure they aren't inadvertently paying more than they have to.

This is my interim trading rule, which helps me make a little additional money for clients by buying relatively low and selling relatively high.

Critics say this current rule has allowed brokers to invest too much of their clients» money in high - fee mutual funds that erode returns over the years, or put it in risky products that can wallop them with losses

A few years ago I transferred my TFSA from Tangerine t CIBC as a result I got fine a large penalty I talked to Tangerine and they said it was not their mistake then I Talked to my Bank The CIBC and they said it was not their mistake Then I talk to my accountant and he said I was not the only one it happened to a lots of his clients, I withdrew all the money out of that TFSA and paid the penalty wich was large enough that 10 years of interest would not have made up for it So I will never put money in a TFSA again I prefer paying income tax on what I make rather then getting shafed by the Government for some obscure rules

Following a relaxing of the rules in 2014, accountants have been required to report failings only where they are likely to have been intentional or where client money was put at risk.

The myriad of the Rules of Court and the flood of Forms dominate the cycle of all lawyers and Judges, and this is the toughest area for SRL»S to navigate and prepare because they have jobs and do not have the luxury of unlimited resources such as; a) Client Money b) Office supplies c) Secretaries d) Legal Assistants e) The latest in research tools at their disposal.

Re MF Global UK Limited [2013] EWHC 92 («Hindsight») Instructed to act for the successful representative respondent to an application to determine the method of valuing client money claims under the FSA «client money» rules.

A case before the society of lawyer Donald Gurney, who is accused of allowing $ 25 million in offshore money to flow through his trust account without doing substantial legal work for the client, is being treated as a violation of the society's rule that you can't be involved in transactions that may assist a client in doing something wrong — not as money laundering, says Van Ommen.

«Law societies have been at the forefront of the fight against money laundering for more than 15 years, putting in place a regime that prohibits members of the legal profession from accepting cash from clients and requires them to comply with strict know - your - client rules.

Always above the financial fray, relying on solicitors to be responsible for their fees, barristers are now contemplating new rules that would allow them to handle the client's money.

Smart lawyers both follow the technical rules and give the client back some money.

Holding large sums: If one client gives you a lot of money to hold in your trust account (consider «a lot» to be an amount well in excess of the advance fees of your other clients), look at your state rules for opening a separate account for that client.

In order to ensure that the funds are properly managed CrowdJustice will only hand them to the litigant's lawyer who is subject to professional rules for the handling of client money and protection against money laundering.

In a case brought by the Solicitors Regulation Authority (SRA), the partners of Clyde and Co solicitors admitted they allowed a client account to be used as a banking facility, acting against SRA accounting rules and in breach of existing obligations under the then - current money laundering regulations (2007).

Projects partner Nick Purnell and corporate partners Christopher Duffy and Simon Gamblin, all of who are based in London, admitted that they had allowed the firm's client bank account to be used as a banking facility, which breached a number of regulations under the SRA Accounts Rules 2011 and the Money Laundering Regulations 2007.

The Rules of Professional Conduct require lawyers to demonstrate that their financial records accurately reflect all of the transactions in which a client has given them monies «in Trust.»

The stuff about not screwing your clients or stealing their money are must rules.

Special administration regime: various issues relating to the manner in which the administrators should deal with the claims of clients, including how to determine the method of valuing client money claims under the FSA «client money» rules.

To guard against attempts by unscrupulous clients to dupe legal professionals into laundering money or unwittingly financing terrorist activities, the Federation introduced a model No Cash Rule to limit the amount of cash lawyers and notaries may accept from their clients.

The Federation has been at the forefront of the fight against money - laundering and terrorist financing by adopting model rules to ensure that legal professionals are not unwittingly used by their clients to advance such activities.

To ensure that legal professionals are not unwittingly used by their clients in crimes involving money laundering or terrorist financing activities, all of Canada's law societies enforce rules developed by the Federation.

The rules are an attempt by the legal profession's regulators to try to get the federal government to back off from attempting to undermine solicitor client privilege in pursuit of money launderers.

One instruction on Kentucky court rules says when an attorney takes more money in fees than the contract with the client says they should receive, a hearing should be held and the plaintiffs should be notified of the hearing.

The Proceeds of Crime (Money Laundering) and Terrorist Financing Act and our Rules of Professional conduct may require us to confirm the identity of new clients.

The court upheld a ruling that the statutory trust arose on the receipt of client funds and held that the money pool should include all traceable client money, whether or not it had been «segregated».

Rule 4 (c)(8) of the Rules Governing Trust Accounting requires «copies of all monthly trust account reconciliations and all records showing, at least quarterly, a listing of all clients for whom the lawyer holds money in any client trust account, with each client's related balance, the grand total of which equals the reconciled trust account balance on the bank statement covering the same period.»

In February 2015, a ruling from the Supreme Court of Canada established that lawyers are not required to report the transactions of their clients under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

See also this very similar prior Q&A dated Feb 18, 2013 which asks about a clause to be added to the APS to protect the seller — Question: Can an additional clause in a Schedule to the APS create an exception to the rule that if the deal doesn't close client money can only be released from a brokerage's trust account by a mutual release being signed by both parties or by a court order?

A recent listing reminded me that knowing the rules can help you remain professional and earn your clients more money.

Only the money chasing commission seekers who view clients as vehicles to be ridden - for - dollars are in constant need of early - childhood golden - rule guidance from on high.

A landmark February 2015 ruling from the Supreme Court of Canada said lawyers are not required to report the transactions of their clients under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, a decision that effectively drew a dark curtain across many deals, including real estate transactions.