And National Century kept lending the client money anyway, according to the affidavit.

The spokesman added: "No client money is involved."

As those bodies require their members to have insurance for their client money they are not available to many of the smaller private landlords.

He's playing fast and very loose with some client money, about one-fifty worth.

Any gambling house owner would lend a good client money in a pinch.

Generation was founded in 2004 and began investing client money in April 2005.

Indeed, he talks more like a social worker than a hard-nosed manager calling the shots on $500 million in client money.

Other concentrated entirely on the reference to the holding of client money, and were therefore more inclined to answer 'yes'.

A number argued that an outright ban should be introduced on the holding of client money by sole practitioners.

Last September the company changed its status from being able to handle client money to only offering advice on personal finance products.