OPINION 574 (Supplement) Investment of Trust Funds
Annotate this Case 116 N.J.L.J. 721
December 5, 1985
Appointed by the New Jersey Supreme Court
OPINION 574 (Supplement)
Investment of Trust Funds
Subsequent to the publication of Opinion 574, 116 N.J.L.J. 353 (1985), the Advisory Committee on Professional Ethics received a number of inquiries from law firms seeking guidance as to whether the prohibition on investing escrow monies other than as stated in R. 1:21-6(a) and RPC 1.15(a) extended to parties who specifically requested that the funds be invested in securities or properties different from those permitted by the above rules. The Committee wishes to emphasize that the opinion deals only with situations where the lawyer has the responsibility of investing the funds and not those in which all interested parties direct the investment.
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