The general rule under the federal and state securities laws is that a fiduciary, the money manager, cannot use client assets for his own benefit or the benefit of other clients.

FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)

As a general rule, limiting the costs and invasiveness of the state is important no matter what, and we should limit its power to make war, to arrest and imprison non-violent criminals, to grope children in airport security lines, and any number of other evils.

FORBES: Limiting Government by Expanding Public Healthcare

As a general rule you can claim a theft loss only if someone could be prosecuted under state law for stealing from you.

FORBES: Make the IRS Share Your Pain