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.
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At first blush it looks like a fairly common customer complaint. You got an irate public customer naming six respondents in an effort to recover six f... Read On