COUNT II (CASE NO. 18-094) - Respondent is charged with engaging in practices harmful or detrimental to the public in violation of Iowa Code sections 543B.29(1)(d), 543B.29(1)(k), 543B.34(1), 543B.46 (2018) by:
(a) Failing to maintain at all times a record of the Respondent’s trust account and improper trust account procedures. See 193E Iowa Administrative Code §§ 13.1(6), 18.14(5)(e), 18.14(5)(f).
(b) Using the Respondent’s trust account as a business operating account by depositing commission checks into the trust account. See 193E Iowa Administrative Code §§ 13.1(1)(e), 18.14(5)(f)(8).
(c) Failing to provide a means for a monthly reconciliation of the Respondent’s trust account to ensure agreement of the general ledger balance, reconciled bank balance and individual ledger accounts. See 193E Iowa Administrative Code §§ 13.1(6)(a)(3), 18.14(5)(e), 18.14(5)(f).
