Talk about a spoiler alert - consider this ominous introductory statement in a Financial Industry Regulatory Authority ("FINRA") disciplinary decision:
This is a serious case of a broker in severe financial difficulty who engaged in a scheme to convert customer funds in order to pay his personal expenses and to conceal this misconduct from his firm.
Ummm, yeah, okay - so, what FINRA is hinting at is that this isn't going to turn out well for the stockbroker respondent, right? Gee, talk about telegraphing the bad news.
"All we can do is help each other." A heartbreaking story, powerfully told on CNN:Securities Industry Commentator by Bill Singer Esq (BrokeAndBroker.c... Read On
Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/513... Read On
[In]Securities a Guest Blog byAegis J. Frumento, Partner, Stern Tannenbaum & BellIn Dreams"We are such stuff," says Prospero the magician in ... Read On
In today's blog, we have the fascinating legal question of whether public customers had waived their right to pursue a FINRA arbitration. Things start... Read On