Corzine said he never intended to "misuse" client money or order anyone else to do so.
Being independent means having the freedom to invest client money as we see fit.
Credit Suisse has already added considerable wealth assets or new client money since 2009.
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They may end up losing more client money in cash terms than they ever made.
Chasing awards is a profligate use of client money and a detriment to their business requirements.
Funds with the highest costs produce the lowest returns, as client money is absorbed in charges and bid-offer spreads.
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He returned the client money he managed in his hedge fund in 2011.
For SAC, the call is likely a move to stem any possible outflow of client money from the fund.
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His firm returned the relatively little client money it managed in 2011.
He returned the relatively little client money his firm managed in 2011, which was not a good year for him.
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In a further embarrassment, Barclays has received another FSA fine, for failing to ring-fence client money in one of its accounts for more than eight years.
Last week Goldman said it would change the way it reports earnings to reflect a separation between the revenue generated from client money and its own own money.
Goldman Sachs, JP Morgan and Bank of America are a few banks jumping the gun on the Volcker Rule which restricts banks from making speculative bets with client money.
Rachesky is the president and primary owner of MHR Fund Management, a New York investment firm that manages his own money as well as outside client money.
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Six months of intensive work, endless cold calls to find clients, and a high all-or-nothing benchmark of client money to get under management by the end of the program.
By his own admission, Mr Weis, the founder and chief executive, began pilfering client money in the 1990s to fill gaps and shortfalls in the daily delivery of cash.
How could prosecutors drop a case where over one billion dollars in client money has gone missing , and where a CEO is throwing his hands up and saying he has no clue?
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"People's confidence is coming back, " said Ram Subramaniam, president of Fidelity Brokerage Services, adding that the amount of client money that flowed into stocks last quarter is about two-thirds higher than it was a year ago.
Lawyers are still trying to understand a British appeals-court ruling of August 2nd concerning client money that has been trapped in Lehman's London subsidiary since the collapse because it was not fenced off from the firm's own assets.
In fact, there are many different kinds of people who call themselves financial advisors and they get paid in a few different ways a commission for selling financial products, a fee based on the amount of client money they oversee, or a fee for the time they spend doing work for clients.
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One manager had the chutzpah to come back to Hong Kong recently and ask a client with money still locked up in his fund for more.
"If the client has money they are managing on their own, they're going to recognize how difficult it is and they'll understand the issues an adviser is facing on a daily basis, " Mr. Depman explains.
Condon, who handled Long's negotiation for CAA Sports, was able to save face a bit on getting his client less money than last year's first pick by pointing to the fact that it's a shorter deal (five years vs. six), that pays more money per year and yields to free agency a year sooner.
Finally, Mr. Miccolis tells of a client who came across some promotional material for what looked like a portfolio of stocks that would have tripled the client's money in eight years.
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They can, though, be banned by the Office of Fair Trading (OFT) if they subsequently break the laws about misdescribing a property, handling a client's money, not declaring an interest in a property, or engage in some other form of dishonesty.
Mr. Roth's lawyer denied that his client was after insurance money, saying the son acted on his own.
This isn't the first time that a private banking employee has made money selling client information to a government.
Two years ago I had a conversation with a client who had put money into antiques over a period of years.
When the client fails to respond as directed, Deutch terminates the client and keeps his money, claiming that the retainer has been used up.
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