Your broker should deposit your check in a trust account. If your broker places the check in a personal account, they’re guilty of commingling–which is when funds held in trust are mixed with other funds–even if they weren’t trying to cheat you.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×