Updated FINRA Cases of Note Now Online
With Bill Singer's Analysis
FINRA cites a growing number of Annual Compliance Certification violations in 2011, and December saw an unusually large sample.
2011 saw numerous Promissory Note cases -- both those involving loans to stockbroker from their firms, and those involving the sale of such instruments by stockbrokers to their clients.
If you don't have sufficient funds to cover that check you wrote, it's going to come bouncing back as "NSF". Bet you didn't realize that this could become a FINRA regualtory matter.
If you were involved in selling Private Placements in 2011, you may have exposed yourself to a whole lotta hurt for regulatory violations. You better familiarize yourself with FINRA's concerns.
Maybe the whole cold calling and customer service part of being a stockbroker just ain't your thing. Maybe you have a hankering for the bright lights of entertainment -- you showed some talent for Impersonation of customers and colleagues but, alas, FINRA panned your performance.
Customer Complaints and Away Settlements -- Matters of Interpretation? (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/5788/finra-complaint-set... Read On
A lot of what passes for misconduct on Wall Street is a matter of interpretation. You say that you did or didn't do something. Your firm's compliance ... Read On
Yet again, I say. Yet again. Wall Street's lackluster regulatory scheme fails to proactively detect an oncoming tsunami, and the markets get flooded. ... Read On
Over a decade ago, when the stock markets were cratering in the wake of the Great Recession, investors saw their pre-2009 gains vanish. Lots of black ... Read On
At its best, remorse demonstrates a pang of conscience. At its worst, it may arise only in anticipation that you are about to get caught. Contrition a... Read On
If your brokerage firm decides that a customer "communication" was a complaint, the drafting of a regulatory disclosure often involves a lot of interp... Read On
Guest Blog: Considering Breaking Away from a Wirehouse? / The Pros and Cons of Going Independent by Michael King of Michael King Associates (BrokeAndB... Read On