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.
Securities Industry Commentator By Bill Singer Esq WEEK IN REVIEWA legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill S... Read On
All's well that ends well, except, when, by the time it ends, you've been put through the ringer and emerge much worse for the wear and tear. In a rec... Read On
Pragmatic Federalism In a Blockchained Worldby Aegis J. Frumento, Partner, Stern Tannenbaum & Bell It is easy and lazy to look down on State... Read On
In its press release,"Odeon Capital Group LLC Strengthens Equity Desk Research," the broker-dealer announced on December 7, 2016, its hire of Jahanara... Read On
If you work on Wall Street, you know -- or you should know -- that you're not supposed to conduct business activities via your personal email account.... Read On