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Instead it places customers' funds with the Bancorp, which provides banking services to other firms.
Mr. Gensler focused his testimony on generating new measures to better protect customers' funds.
We understand that for certain customers, funds are being held even if the attempted transaction has been unsuccessful.
Investigators are focusing in part on the Chicago office because that is where commodity customers' funds were safeguarded.
Then I became a bank director and found myself legally liable for knowing exactly where my customers' funds came from.
In any case, what led to the unaccounted-for cash could violate a tenet of Wall Street regulation: Customers' funds must be kept separate from company money.
Similar(32)
Investors and customers funded that project and don't need any help from taxpayers.
Many PayPal customers fund their accounts through Visa, making PayPal one of Visa's biggest customers.
It's all a result of customers funding the growth.
Investment of customer funds.
(2 Location of futures customer funds.
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