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Raymond holds Client Accounts at several major financial institutions, for the convenience of allowing his clients to transfer funds into his Client Account without incurring
Raymond holds Client Accounts at several major financial institutions, for the convenience of allowing his clients to transfer funds into his Client Account without incurring extra charges or deposit delays. Last week, he advised his client Alli that her translated documents will be completed at the end of that week, and the total bill will be $500 CDN. He asks Alli to transfer this amount into his Client Account so that he could use it to pay the translation agency. Alli does so the following day, and Raymond's assistant proceeds to withdraw $500 cash from the Client Account that afternoon. Raymond has breached one or more articles in the Client Account Regulation by allowing a cash withdrawal from his Client Account. Question 10 options: True False
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