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Brokerage's Accounts Frozen Over Missing Funds

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Created December 13, 2025

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https://www.revid.ai/view/brokerages-accounts-frozen-over-missing-funds-xI2fJtYd81IlNypGFHln

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Video Transcript

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Another brokerage just got their bank accounts frozen over missing money. RECO locked down

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a Scarborough office after discovering a five hundred eighty thousand dollar shortfall in their

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trust account during a routine inspection. They couldn't come up with the cash, so the regulator

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stepped in to protect consumer deposits. With the government recently taking over RECO,

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it looks like the crackdown on missing funds is just getting started.

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