Updated Wednesday, July 30, 2014 as of 3:06 AM ET
Practice - Regulatory/Compliance
Keeping Client Secrets
Friday, June 1, 2012

I have a husband and wife who are both clients of mine. Recently, the wife inherited some money and doesn't want her husband to know what she's doing with it. She asked me to open a separate account for her to deposit the money in and to not tell her husband about it. I'm uncomfortable with that since I do not want to lie to him if he asks me about it. However, I'm concerned about my privacy obligations to the wife. Any suggestions?

— C.H., via e-mail

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