COMMINGLED

  1. In securities, combining customer-owned securities with brokerage’s own accounts. This is normally illegal.
  2. In real estate, illegal practice of a broker combining clients’ funds with his personal funds. The law requires a broker to place the clients’ funds in an escrow fund or separate trust.
  3. In trust banking, pooling individual customer accounts in a fund similar to a mutual fund. The share of which is held by every contributing customer.