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 by:
(a) Failing to maintain an accurate 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) Failing to accurately maintain a general ledger to record in chronological order all receipts and disbursements for the Respondent’s trust account. See 193E Iowa Administrative Code §§ 13.1(6)(a), 18.14(5)(e)(1).
(c) Failing to accurately maintain the running balance of all individual ledger accounts for the Respondent’s trust account. See 193E Iowa Administrative Code §§ 13.1(6)(b), 18.14(5)(e)(2).
(d) Failing to accurately maintain an individual ledger for broker’s equity for the Respondent’s trust account. See 193E Iowa Administrative Code §§ 13.1(1)(c), 13.1(6), 18.14(5)(e)(2).
(e) Failing to accurately maintain an individual ledger for interest for the Respondent’s trust account. See 193E Iowa Administrative Code §§ 13.1(2), 13.1(6), 18.14(5)(e)(2).
