Having comprehensive control over your papers at any time is important to relieve your daily duties and improve your productivity. Achieve any objective with DocHub features for papers management and convenient PDF file editing. Access, change and save and incorporate your workflows with other safe cloud storage services.
DocHub offers you lossless editing, the opportunity to use any format, and securely eSign papers without searching for a third-party eSignature option. Maximum benefit of the file managing solutions in one place. Check out all DocHub capabilities right now with your free profile.
In this tutorial, Joe explains the differences between commingling and conversion. Commingling occurs when a fiduciary, often a broker, mixes their funds with client money. In contrast, conversion refers to using client funds for personal purposes, which can be considered theft. Joe illustrates this with a scenario involving Bill, a broker who collects money from clients and deposits it into a trust account. While the money belongs to the clients, Bill secretly uses Sam's funds to buy personal items, replacing the amounts with his own money. This behavior is deemed unethical, as it constitutes conversion of trust funds.
