Client Cash

RECENT NEWS
Financial Times  Jun 23  Comment 
BofA arm cut its trading costs by failing to separate out customer assets
MarketWatch  Apr 14  Comment 
Ohrn, a former J.P. Morgan and Wells Fargo employee, admitted to staging his own disappearance last month in an attempt to run away from his legal issues, according to the Palm Beach County Sheriff’s Office.
Reuters  Oct 9  Comment 
Morgan Stanley is embracing the financial reforms intended to curb its animal spirits to generate bigger profits.
Yahoo  Mar 30  Comment 
Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the...
BusinessWeek  Feb 4  Comment 
Chris Shumway, who announced he would step down as chief investment officer of his $8 billion Shumway Capital Partners LLC in November, said he’ll return client capital by March 31, according to a letter sent to investors.
Clusterstock  Jun 3  Comment 
Currently the US Congress is dealing with various issues related to prop trading, and the extent to which it is appropriate for a firm to combine trading services with its own trading. So this news out of the UK is particularly pertinent:...




 

The value of cash from retail and high net worth individuals which the company manages

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