January 30, 2013
Stockbroker Charged With Outside Business Activity
For 401k Consulting
The AWC alleges that Fuller performed 401(k) consulting services for a limited liability company without giving prior written notice of the contemplated activities or nature of his compensation.
Fern became aware that the Trust Customer was questioning the amount of 2011 trustee fees; and allegedly the stockbroker then borrowed $35,000 from another customer and used $31,764 of the borrowed funds to repay the Trust Customer's living trust.
The frightening aspect of the allegations in this case is that the defendant largely used the popular Skype (now owned by tech giant Microsoft) and Facebook to perpetrate the worst of his apparent extortion.
That cute sleeping dog of a customer arbitration can wake up and give you quite a biteThis is an update of a "Street Sweeper" column that appeared on ... Read On For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority ("FINRA"), without admitting or de... Read On In a Financial Industry Regulatory Authority ("FINRA") Arbitration Statement of Claim filed in August 2011, Claimant Wojnowski, ... Read On