Iowa PLB

Discipline Details

Discipline Information

 
13-287
B55886000
Joseph D Schafbuch
3/6/2014
Other - Engaging in practices harmful or detrimental to the public by failing to maintain the general ledger, individual ledgers, and monthly bank reconciliation to reflect accurate balances and exceeding $500 maintained for broker’s equity for the trust a
Reprimand. $2,500 Civil Penalty. 8 Hour Trust Accounts course. CPA Audit.
Engaging in practices harmful or detrimental to the public by failing to maintain the general ledger, individual ledgers, and monthly bank reconciliation to reflect accurate balances and exceeding $500 maintained for broker’s equity for the trust account. Failing to disburse unclaimed trust funds from the real estate trust account.
Satisfied
 
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