Clients' money was improperly allocated because of a failure of software controls intended to match investments to the risk levels authorized by customers, a MetLife spokesman, John Calagna, said.
That contract, said Jack L. Messman, Novell's chief executive, means Novell has "the right to authorize our customers to use Unix that is in Linux".
As a matter of fact, I propose a moratorium on using the phrase as a way to stop future abuses like the creation of 1.5 million accounts at Wells Fargo that may or may not have been authorized by customers.
As part of its request, the grid operator authorized large customers to start emergency diesel generators to help reduce demand, but the agency could not say whether any did.
The bank agreed this month to pay $185 million in fines, including $35 million to the O.C.C., for fraudulently opening as many as 1.5 million bank accounts and potentially issuing hundreds of thousands of credit cards that had not been authorized by customers.
In an account-based system, the customers authorize the transfer of e-money from the client's account to the vendor's account.
Yet the trading commission is not expected to accuse Mr. Corzine of authorizing the breach of customer money, the officials with knowledge of the case said.
The FTC has alleged that because such a large number of people were seeking refunds, it was an obvious sign to T-Mobile that the charges were never authorized by its customers.
In a complaint filed today, the Federal Trade Commission is charging mobile phone service provider T-Mobile USA, Inc., with making hundreds of millions of dollars by placing charges on mobile phone bills for purported "premium" SMS subscriptions that, in many cases, were bogus charges that were never authorized by its customers.
Market officials were charged with maintaining order, collecting commercial taxes, setting standard commodity prices on a monthly basis, and authorizing contracts between merchants and customers.
