An irreverent Wall Street Blog
by Bill Singer

BrokeAndBroker.com by Bill Singer WEEK IN REVIEW

December 20, 2014

Till Death And Redemptions Do Husband, Wife, Stockbroker, And Bob Marley Part

We start with a wife and her children. We add a husband. We toss into that scene a stockbroker. Then come the redemptions. All of which sets the stage for a Wall Street reggae tune about pain, sadness, and a stinging regulatory rebuke. READ

18 Reps Fall Off Firm's Email Radar

In a recent FINRA regulatory settlement, 18 registered folks sort of fell off their firm's compliance radar.  It's not a case involving earth-shattering misconduct. Sometimes stuff just falls through the cracks. Every wrong on Wall Street isn't intentional. Ya got yer accidents. Ya got yer negligence. Nonetheless, after you've read today's column, walk about your branch office and make sure everything is plugged in and turned on. READ

Email Request For A Wire Clotheslines Stockbroker

The road to Hell is paved with good intentions and a recent FINRA regulatory settlement involving a customer's email request for a wire transfer certainly proves that point. Presented for your consideration is a stockbroker who appears to have tried to deliver the best in customer service; unfortunately, in going the extra mile, she took some detours and short-cuts around a couple of rules.  In the end, FINRA takes an intelligent and somewhat compassionate posture. READ

Employment Tuesday at BrokeAndBroker.com

Stockbroker, Compliance, Legal, and Regulatory Jobs. READ

Economic Suicide Raised In Citigroup Settlement

If a public customer wants to place an idiotic order or insists on engaging in trading that seems destined to commit "economic suicide," what, if any, obligation does the servicing stockbroker and the brokerage firm have? Similarly, what happens when you substitute your sense of what's best for the customer's and he or she loses money when the order you refused to accept would have been, in retrospect, a winning trade?  See this recent case for discussion of some of these issues. READ

Permalink

Search BrokeAndBroker

Related Topics

Previous Entries

Tag Cloud

Bill Singer BrokeAndBroker FINRA Arbitration AWC SEC BrokeAndBroker.com Expungement Employment Street Sweeper Bill SInger Jobs Wells Fargo OBA Fraud Promissory Note U5 Email U4 Merrill Lynch Wire Fraud UBS Elderly Forbes Morgan Stanley FBI EFL Guest Blog Statutory Disqualification PST Suitability Defamation CRD ALJ Citigroup Ponzi Guest Blogger Rule 3270 Borrowing Whistleblower BrokerCheck Outside Business Activity OIP Supervision IRS Bank Form U4 Felony Wachovia DOJ Willful Wrongful Termination Aegis Frumento BrokerAndBroker SDNY Ameriprise Pro Se NAC Supreme Court Mail Fraud IRA Expenses Rule 2080 Discretion Insider Trading Wife CCO OHO Checks Husband Conversion Employment Tuesday Form U5 Rule 8210 Punitive Damages Madoff WSP NASD Raymond James BrokeAndBroker Tax Forgery Dodd Frank Settlement Bankruptcy RIA Rule 3240 Credit Card Willfulness Discovery Rule 3040 Frumento Estate Private Securities Transaction Rule 1122 Rule 2010 Power of Attorney Indictment Real Estate Commissions JP Morgan LPL Business Expenses Wall Street Outside Business Activities NYSE Impersonation Bar Exam Bank of America Street Legal 2Cir Mortgage Margin Annuities Facebook Tax Lien Edward Jones ATM Rule 3280 Complaint Stephen Kohn Spouse Small Firm Corrective Action Statement Wire Case In Point Antitrust Tax Liens SRO Rule 2510 Test Appeal Schapiro Beneficiary Trust Due Diligence Trustee ARS Employee Forgivable Loan NSF Misdemeanor VA Offer of Settlement ETF Schwab Promissory Notes Goldman Sachs Securities Fraud POA Signatures NASAA CFTC Away Account Conspiracy T&P HFT Spouses Signature Loan Barclays RBC Flash Crash Injunction Initial Decision Unauthorized Discretion PCAOB Annuity Fidelity Chase Mandatory Arbitration OTR Cease And Desist Lien Undisclosed Settlement Huffington Post Credit Cards Deutsche Bank Money Laundering LOA Compliance Remand Great Recession Rule 12206 Insurance DCCir NASDAQ Variable Annuity Identity Theft Liens Rule 3010 Rule 4511 Options Hacker email E*Trade Rule 3050 Gallagher Stay Burris Unfair Competition Scottrade Lehman Brothers Bharara Bonus Eligibility Rule Failure to Supervise MSSB Continuing Education RRBDLAW.com Registered Rep Magazine Annual Compliance Questionnaire JPMorgan Customer Reimbursement Stockbrokers Fiduciary Forex Disclosure FINRA Arbitration brokeandbroker Solicitation Apple Letter of Authorization Audit employment Wedbush Retirement Malware Hacking Second Circuit 2nd Circuit LIBOR Will Divorce Registration Prison Dissent Customer Complaint Deceased TRO arbitration Social Media Website Broker Protocol Variable Annuities Unsuitability jobs Solicited Away Accounts Rule 12805 Sexist BrokeAndBroker Bill Singer OWB Rule 4530 FINOP Net Capital Motion to Dismiss Wey Brummer Judgments Hilton Weiner Internet Willfully Time And Price Sexism ACQ Bureau of Prisons Private Placement Trading Platform Telephone IC3 Commission Reg SP Newman Personal Expenses China BOP Lehman RRBDlaw.com BrokeandBroker Unauthorized Trading Plea 10Cir Sanctions BrokeAndBroker.com Blog Private Securities Transactions MetLife Unsolicited RMBS FOREX Zipper Arbitraiton WSPs Self Regulation bill singer NYAG ADA Rule 12200 Rule 2150 Postponement DOL Statute of Limitations Stifel Cheating Joshua Brown Auction Rate Securities Obstruction of Justice Piwowar Discrimination Securities Industry Commentator Examination Hedge Fund Check Kiting Rule 2111 Spoofing MC-400 REIT Marijuana Testimony Disgorgement Confidential Information Knight Crowdfunding Dakota Securities Emails Protocol FNMA Lucia Rakoff Explained Decision Stifel Nicolaus Indemnification Unjust Enrichment Trump Gold Bonds Check Regulation SP Phishing Fees 9Cir Charles Schwab OIG Rule 3110 Pennystock Executor Conflict Rule 2081 SAC Sanction Guidelines Due Process Mutual Funds Jurisdiction Charge Imposter Wire Transfer JOBS Act Lawyer Board Bandimere Debit Card PN Morgan Stanely Oppenheimer Article V Rule 13805 Compensation PNC Reg D OSHA Passcode Medicare Appointments Clause Raiding Wine Retaliation Confidential Hurry Elder Abuse Affiliate Shah Gilani Class Action Botkin Vacatur MF Global Blockchain EIA Banc of America Churning Woody Allen Affinity Fraud Bloomberg Ketchum Rosenthal Recruiting High Frequency Trading Aleynikov Waiver IPO Khuzami Morgan Keegan Stanford Testing Pennystocks Reg S-P HSBC Morgan Stanley Smith Barney Self Regulatory Organization Private Placements Online Severance Mutual Fund Johnny Burris Marine Corps Crypto Dementia Marines Vietnam CE Disability Ride the Thunder Confirm Rule 9552 Guitron TD Ameritrade Outside Account Government Accountability Project Whitman Suspension Written Supervisory Procedures Series 7 White Finder\'s Fee Vault Concentration TOD SunTrust Bear Stearns Statement of Corrective Action Puerto Rico Employment Agreement Eligibility Day Trading Bid Rigging Loans Rule 3030 Hearing Termination Corruption Charity ING Smith Barney Deferred Compensation TSSB Aguilar Rule 4513 Unregistered Mother Corzine Customer Information Teleconference Margin Call Casino Membership Continuance Statutory Disqualification Committee Penson Consent Order Yesenia Guitron Whistleblowing Accounting Embezzlement Side Bar Small Firm Governor Cannabis Chief Compliance Officer 6th Circuit AML Information Failure To Supervise Laptop 401k Kon Commodities Fraud Widow McDuff Sales Assistant CEO Bank Fraud Restaurant Trade Secrets USERRA Parking Poteroba Marketplace NPR Public Interest Female Leveraged ETF Subpoena Florida Motion to Vacate CGMI TIC Counterfeit FINRA AWC Credit Suisse signature Escrow Kiting Inside Information OCIE Moon Rory Flynn Standing Unsuitable Star Wars Do Not Call Investor Alert Stop Loss Broke And Broker Rule 12504 FOCUS Obstruction David Sobel Judgment Elder Law Over Concentration IAR Form ADV Regulation Client Information Argentina Sexual Harassment Cold Spring Advisory Group Jennifer Tarr Unauthorized Practice of Law WaMu Fifth Amendment ACH Probate Medical Condition Fowler RRBDlaw Constitution CRS BD Inability to Pay Turnover Joint Account Outside Accounts OWWP Investment Adviser Stockbroker Board of Governors Research Thain Circuit Court PAQ 401(k) Backstage Wall Street expungement Congress Password Scottsdale Chiasson Equity Indexed Annuities Schneiderman Manifest Disregard Rule 2370 Verbal Discretion Negligence Rule 1031 Tax Fraud 4Cir Administrative Remedies 11th Circuit Stipulated Award David Lerner BrokerAndBroker.com Non-Solicitation Commissioner Stein Taft Correctional Institution BATS Christian Stanley Reverse Life Insurance Settling Away Counterclaim Oral Discretion Feigenbaum Rule 2210 40 Act Tortious Interference Withdrawals Sharemaster BrokeAndbroker Hospital Wanger Timban Motion Guest Bloggers Robert Cook Layering Red Flags Commodities Fine FCI Rule 13200 Arrest FCI Beaumont Money Market Chase Investment Services Nietzsche Dell Scholander Moore Third Party Vendor 9/11 Federal Reserve CNBC Netschi TheBlot CPA Sexual Discrimination Inmate Lincoln Financial VXX Cryptocurrency SP Department of Justice Elles Rule 9216 Compliance Questionnaire National Securities Rule 3210 CD Promoter God Willfull VIX Permanent Bar CDO Baby Boomers Short Sale Subway Galleon CMO Texas State Securities Board SD Preet Bharara 1099 FCPA Grievance Summary Judgment Prime Bank Non Solicitation Transfer ADR EDNY Women Lek Wells Fargo Advisors Ethics House Financial Services Puts Supervisor Reform iPhone Dinner GAP Broy Reuters Compromise Tennis Court Test Center Wires Retired Woman With Cane Undertaking Eric Stein Wire Transfers Branch Manager Sears SIPC Hertz Elon Musk Advisor Placement Group Credit Repair Bank Guarantee Martin AAA Merrill Lee Theft Microcap Anderson Attorneys\' Fees Risk Bitcoin Rule 21F Reverse Merger JPM WB-APP Cellphone US Airways Books And Records Scam Slander Resignation Finra Capital Gains Fee Statute of Limitation Attorneys Fees MSPB Meals Rule 12212 FDA DWI Collateral Offset Jon Corzine Texting Bill singer Sex Checking Trader Leveraged ETFs Fines Flash Drive Excel AIG Mistake Motion to Compel Sarbanes Oxley Newbridge Expense BrokeAndBroke Fiero Work Product Privilege 9th Circuit Office of Special Counsel AWC. FINRA Laser Compliance Officer NFA Trainee Fee Motion To Dismiss Data Mattera FNI Media Collateral Bar Municipal Advisor Retroactive Bar Retroactive NYG Capital S&P Relevant Chevron Annual Audit Fourth Amendment Selling Away McCartney Wages 17a-5 Outside Counsel Koval Undercover Brokeandbroker.com Practice Sale In House Counsel NRSRO Bartko Martoma RRBDLAW Janney Montgomery Scott Fiduciary Duty FMLA Merger Father Liquidation Bill Singer BrokeAndBroker State Farm BIll Singer Trading Salman Google SEC Rules of Practice LLC Naskovets Witness Tampering Kennedy Mary Jo White Death NML FAA Evidence Silver Regulation S-P Skimming Springsteen Gabelli Expert Witness Pruco Murray Coin Currency Merill Lynch BBVA Disciplinary History Apartment Nationwide Service Disparate Treatment Pension Stock Promotion Rule 420 Hugh Hewitt Johnson Cherry Picking Kent AXA Oilpro Solomon Quasi Governmental Pacifico Non-Prosecution Agreement Countrywide Exhaustion Doctrine Tran Kenneth Starr Stephen A. Kohn Kierkegaard Blank Forms Goble MBS Turbeville Customer Files Financial Disclosure Newport Coast Securities Obamacare Spoliation Proctor TCR Immunity Conflicts Nasdaq Impersonator Mary Schapiro BitTorrent BrokeandBroker.com Molchatsky Criminal Taxes Excessive Trading 1Cir Reason for Termination FINRA Board Initials FINRA Small Firm Lawyers false statements Executrix Falsification Payroll Altered Records Spam Books and Records Lewis Carroll Funds Rule 2330 Amazon Chase Bank Sharing Agreement Customers Varney Diabetes Bribe Tipper Elder Fraud Schumer Walter 8210 Rules of Practice Enforcement Constructive Discharge First Amendment Tippee FTC Costa Rica Cybercrime Electronic Communications PIABA Dow Travel Boyland Personal Information SIFMA Securities and Exchange Commission