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Dodd-Frank deposit insurance provision which insures unlimited lawyer IOTA funds will expire on 12/31/12 unless renewed by Congress and funds will then qualify only as pass-through fiduciary funds up to $250,000.00 per client

Hello everyone and welcome to this Ethics Alert blog which will discuss the scheduled expiration of the Dodd-Frank Deposit Insurance Provision on December 31, 2012 which would remove the unlimited deposit insurance coverage for Interest on Lawyer Trust Accounts (IOLTAs- called IOTA trust accounts in Florida) to fiduciary account coverage of $250,000.00 per client ledger Read More

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Florida Supreme Court opinion makes revisions to Bar Rules related to trust accounts and reporting misconduct in mediation

Hello and welcome to this JACPA Ethics Alert blog which will discuss the very recent opinion of the Supreme Court of Florida adopting revisions to, inter alia, Bar Rule 5-1.2, Trust Account Records and Procedures and Rule 4-8.3(c) Reporting Professional Misconduct.  The amendments will become effective 7/1/12. The Bar proposed various revisions to Rule 5-1.2 Read More

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