Sentence examples for of client funds from inspiring English sources
He set up his own investment fund in 2014 and manages around £14bn of client funds.
The misuse of client funds, a major breach of federal law, prompted a broad federal investigation that remains open.
The C.F.T.C. proposal would have also banned the use of client funds to buy foreign sovereign debt.
Although the authorities have found that MF Global transferred roughly $1 billion of client funds to banks and other financial firms, they cannot easily recoup that money.
People close to MF Global said that as of Thursday afternoon, only a small percentage of client funds — in the low single digits — had left the firm.
Authorities previously found that MF Global had used roughly $200 million of client funds to replenish an overdrawn account at JPMorgan Chase in London on Oct. 28, the last business day before the firm filed for bankruptcy.
The former boss of HSBC repeatedly refused to answer a Panorama journalist's questions concerning the management of clients' funds by the bank he lead.
In the civil case against the hedge fund manager, the S.E.C. and the Commodity Futures Trading Commission contend that Mr. Mobley conducted an elaborate seven-year fraud in which he told investors that he managed $450 million of clients' funds and made bets on which direction the stock market would take, using computer trading models that he had developed.
Pritchard was ruled by the Financial Services Authority to have compromised the security of clients' funds, by trading with their money on its own account and by using their funds to pay its own costs.
HSBC declined comment on specific cases related to Madoff, but in regard to its role as a custodian of clients' funds said: "We believe we have good defences to the claims brought against us and will continue to defend ourselves vigorously".
Two former executives of the Bankers Trust Corporation were acquitted yesterday of charges they orchestrated the theft of unclaimed client funds and diverted the money to the bank's own coffers to bolster their department's bottom line, a court official said.
