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Commingling doesn't imply gambling. I could borrow $10 from Jim, and $20 from Sue, and deposit them both into the same Chase account which now has $30. As long
by ForkMeOnTinder 3y ago
Commingling doesn't imply gambling.
I could borrow $10 from Jim, and $20 from Sue, and deposit them both into the same Chase account which now has $30. As long as the balance stays above $30, everything is fine.
- yieldcrv 3y agoRight, the problem is when leverage and borrowing comes in
- koolba 3y agoYou could let the balance fall below $30 in your example because it’s a loan (“borrow”), not a deposit. If you’re claiming to hold the funds on their behalf and do otherwise (like “investing” them in your less than arm’s length hedge fund), then you’re breaking your fiduciary obligations.