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

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

3.   FIMBRA had also concluded that their sole proprietor members should not be authorised to hold client money.

4.   And the money a client will spend.

5.   A consulting engineer, for example, might have to wrestle between saving a client money on a large construction project and potential long-term environmental consequences for the community.

6.   Boston Partners manages eight different investment products, but about two-thirds of all its client money rests in its Large Cap Value Equity vehicle.

7.   For reorganization, you try to strike an out-of-court agreement with creditors, which can take more time but save the client money in the long run.

8.   So the Boulder operation does more than save clients money.

9.   The phony statements covered up losses and allowed Armstrong to commingle client money to advance his scheme, prosecutors say.