The law says brokers cannot violate the rule of segregation of customer funds. Full stop. No if's, and's, or but's. Fiducuary or non-fiduciary doesn't enter into it. Corzine committed theft of hundreds of millions, and fraud in trying to cover it up.
“The law says brokers cannot violate the rule of segregation of customer funds. Full stop. No if’s, and’s, or but’s. “
Oh but that’s US law, all these “transfers” happened over in London so no laws were broken. At least that’s the fig leaf Corzine is using to keep him and his buddies out of even paying a fine. Don’t look for justice until he’s standing in front of the one true judge as all of NY is a bought off play ground for the bankers. Even the federal judges have been long ago bought off. Still surprised no farmer that suffered heavy loses didn’t take the bastard out but these guys live charmed lives it appears.