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Case Valeria and Marco decided to create an educational trust for their one-year-old son with the aim of financing his studies until university. To
Case Valeria and Marco decided to create an educational trust for their one-year-old son with the aim of financing his studies until university. To receive more information and proceed to create the trust they went with their financial advisor. Their advisor explained how the trust works and what would be appropriate based on their needs. Once the decision was made, they established the type of asset management and the rules to do so; In addition, they were informed of the fact that all trusts have a surety bond. (Mexico) In the following years, Valeria and Marco regularly contributed to the trust fund following the established investment rules. However, and in view of an impending financial crisis, his advisor broke the percentage of investment of the trust in debt without consulting them beforehand or requesting their authorization. The advisor's actions did not favor the performance of the trust and caused it to decline severely without being able to do anything to recover the loss. Finally, faced with pressure from this situation, the financial advisor decided to change jobs. When Valeria and Marco requested the statement of account of the trust they realized that the rules for the management of their assets had not been complied with so they decided to exercise the bond in guarantee. The new advisor who was assigned to them began the process to make the bond valid, but noticed that the necessary documentation had been extracted from the file and that the copy that Valeria and Marco had in their possession was invalid. a. Specify the crime that is committed. b. Mention the law that responds to this situation. C. d. e. Identify the article that indicates the crime being committed. Mention the applicable penalties, fines, or penalties. Mention three recommendations to avoid situations like the one above. You will need to justify your answer.
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a The crime that is likely committed in this situation is embezzlement or misappropriation of funds ...Get Instant Access to Expert-Tailored Solutions
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