Sentences with phrase «of client money»

Consequently, the administrators found a shortfall in the amount of client money available for distribution.

If there is one single issue that holds up the evolution of the legal industry in the modern world, it has to be the handling of client money and legal fees.

For withdrawals or payments, for example, payments may be made out of the client money account under your written directions or to pay off any obligations incurred by FXCM in connection with the transaction you have entered into.

FXCM strictly follows the Australian Client Money Rules when making deposits into, withdrawals from or making payments out of the client money account.

Despite the larger amount of client money held at the brokerage, the company's revenues slid in 2016, coming in at $ 16.5 million for the first nine months of the year, compared to almost $ 19.5 million last year.

advising a hedge fund before the Supreme Court of the United Kingdom in its successful defence of a Court of Appeal judgment in relation to the status of client monies in the Lehman administration.

While Legg Mason announced in May it had reversed a six - year outflow of client money, the recent quarter brought a net outflow of $ 8.2 billion, nearly all from liquid investments such as money market funds.

Profits at T. Rowe Price Group Inc. increased 23 percent for the three - month period that ended in June, as a rising stock market pushed the amount of client money managed by the firm to a record high.The Baltimore - based company said Thursday that assets...

We conduct full reconciliations of client money and assets across all loan providers on a daily basis.

It helps explain why deposit rates on checking accounts can languish near zero without banks fearing a mass migration of client money to online accounts with higher rates.

Aviva's fine was because it had failed to ensure that it had adequate controls and oversight arrangements to effectively control the outsourced administration of client money.

Former Ince & Co partner Andrew Iyer has been jailed for four years and eight months following allegations of fraud involving millions of pounds of client money.

Ashfords head of professional and financial risk Sam Palmer, who was brought in by Quantuma to manage the billing and collection of remaining files and the allocation of client monies during the administration, sent the email to all ex-partners earlier this week.

He has experience of claims against solicitors which have arisen in a wide variety of circumstances, including in the context of other types of conveyancing transaction, the misconduct of litigation or the misapplication of client money.

advising a hedge fund appointed as the representative respondent for a class of client money creditors in the first representative directions application issued in the Special Administration of MF Global UK Limited.

«It renewed doubts as to the viability of startups handling vast sums of client money.

Gain prompt contract execution and ensure timely receipt of client monies through professional interaction and consistent communication

Law firms have improved their handling of client money, Solicitors Regulation Authority (SRA) figures reveal.

An OTC CFD provider should maintain and apply a clear policy on the use of client money, including whether they use money deposited by one investor to meet the margin or settlement requirements of another.

It is a great thing for the money manager who can expropriate huge amounts of client money and get rich very fast if some risky or leveraged bets work out for him, but it is not a good situation for the 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.

Mez Raja, solicitor at CMS Cameron McKenna, says the decision potentially widens the scope both for the number of recipients of client money from the administrators» eventual distribution and the amount of client money available to be distributed.

A bank in which LBIE stored $ 1bn of client money had also become insolvent, which further depleted the amount of funds available.