Firms permitting the creation and operation of custodial accounts related to Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) transactions must take special notice of Financial Industry Regulatory...more
2/13/2020
/ Beneficiaries ,
Citigroup ,
Compliance Management Systems ,
Covered Transactions ,
Custodians ,
Failure to Comply ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Management ,
JPMorgan Chase ,
Know Your Customers ,
Merrill Lynch ,
Minors ,
Morgan Stanley ,
Negligent Supervision ,
Regulatory Standards ,
Transfer of Assets ,
Trusts ,
UGMA ,
UTMA
On June 4, 2014, the United States Court of Appeals for the Second Circuit vacated and remanded a November 28, 2011 order from the United States District Court for the Southern District of New York refusing to approve a...more