But it will ban them from managing client funds at the brokerages' own discretion.

Shearson says no client funds were involved in the embezzlement scheme.

The scheme did not protect larger clients who sustained a significant portion of the €7 million shortfall in client funds.

But two lawyers could be disbarred for dipping into client funds.

The investigators said that although it does not happen often, other lawyers in the past had also been charged with stealing client funds.

And in many cases, the bank is not investing client funds in gold.

How do we know which firm is actually segregating client funds?

But most client funds should continue to be invested in short-term instruments and long-term bonds, she added.

The affiliate has 44 offices holding client funds that total $56.5 billion.

Therefore, client funds were deposited into interest-free attorney trust accounts.