An irreverent Wall Street Blog
by Bill Singer

BrokeAndBroker.com Blog by Bill Singer Esq WEEK IN REVIEW

January 4, 2020

http://www.brokeandbroker.com/4989/FINRA-Statutory-Disqualification/
A stockbroker who willfully omitted to state a material fact on a Form U4 will likely be deemed statutorily disqualified. You may have settled for $1. You may agree to a 1 day suspension. You may think you dodged the bullet -- however, if you agreed to having willfully failed to update your U4, after the dollar is paid and the day served, you may be in for a nasty surprise. Many of those shocked folks didn't retain a lawyer and thought they had negotiated a great deal with FINRA. All of which explains why FINRA often admonishes in its settlement agreement that an industry disqualification is a likely consequence of any finding of willful omission, regardless of the fines or suspensions imposed. In a recent case, however, FINRA didn't seem to issue its typical warning. 

http://www.brokeandbroker.com/4991/finra-double-negative/
In today's featured FINRA Arbitration case, we have the double-negative issue of a respondent not not being not allowed to not speak. Although the associated person Respondent's testimony was not allowed by the arbitrators, he was, in fact, not allowed to not testify through the brokerage firm Claimant's non-attorney representative, who is likely not not his representative but, in fact, not the Claimant firm's representative, who, as it turned out, was allowed to not not speak. Oh and another thing, although the Panel says it would not have mattered if the non-attorney rep had not spoken about what he was not supposed to not speak about, the Panel would not have changed its Award had it not not heard all of the not allowed information!

http://www.brokeandbroker.com/4990/frdm-football/
We are now able to merge serious investing with all the passion of the office Fantasy Football League. You form your own Fantasy Football League and Perth Tolle, the founder of the Life + Liberty Indexes, forms her own Index. You do your homework on which players you want to draft, and Tolle applies her research to which countries will be included in her Index/ETF. You pick your players in a draft and Tolle competes in the marketplace with other ETFs. Each week your fantasy team rises or falls in the standings, and each day Tolle's ETF rises or falls in price. As needed, you add players; and, as needed, Tolle will adjust her holdings. Football seasons and the stock markets are filled with disappointment. The seemingly unbeatable can't win. On the other hand, the underdog and the under-appreciated often have their day.

Permalink

Search BrokeAndBroker

Related Topics

Previous Entries

Tag Cloud

Bill Singer BrokeAndBroker FINRA Arbitration AWC SEC BrokeAndBroker.com Expungement Employment Street Sweeper Bill SInger Guest Blog Jobs Wells Fargo BrokerAndBroker Guest Blogger U5 OBA Fraud Promissory Note Aegis Frumento Email U4 Merrill Lynch EFL Morgan Stanley Wire Fraud Elderly UBS CRD Defamation Forbes Statutory Disqualification FBI Suitability PST Ponzi ALJ Citigroup Whistleblower Rule 3270 DOJ Borrowing BrokerCheck InSecurities Supervision BrokeAndBroker OIP NAC OHO IRS Bank Outside Business Activity Supreme Court Felony Form U4 Willful SDNY Ameriprise Wrongful Termination Expenses Pro Se Wachovia IRA Mail Fraud Securities Industry Commentator Rule 2080 Discretion Rule 8210 WSP Insider Trading Wife Dodd Frank Rule 1122 Husband Forgery CCO Punitive Damages RIA Form U5 Conversion NASD Checks Raymond James Discovery Business Expenses Rule 2010 Tax Bankruptcy Small Firm Rule 3240 Estate Employment Tuesday Settlement Willfulness Madoff LPL Rule 3040 Stephen Kohn JP Morgan NYSE Wall Street Annuities Private Securities Transaction Outside Business Activities Credit Card Bar Frumento Edward Jones Real Estate Commissions Corrective Action Statement Margin 2Cir Power of Attorney Indictment Rule 3280 Promissory Notes Exam Tax Liens Impersonation Insurance Trump Facebook Tax Lien Beneficiary Bank of America Schwab Street Legal Injunction Spouse Antitrust SRO ETF ATM Misdemeanor Mortgage TRO Case In Point Offer of Settlement Options Rule 12206 Trust Test Rule 2510 OTR Complaint Wire Away Account Appeal Initial Decision Signature Barclays Annuity Schapiro POA ARS Remand VA CFTC Lien Blockchain Loan Trustee Employee Forgivable Loan T&P Spouses Securities Fraud NSF ACQ NASDAQ Due Diligence Crypto Goldman Sachs PCAOB DCCir Conspiracy Liens Rule 4530 HFT Bonus Eligibility Rule Signatures RBC NASAA Unauthorized Discretion Money Laundering Deutsche Bank E*Trade Flash Crash Cease And Desist Chase Rule 4511 Failure to Supervise email Great Recession Mandatory Arbitration Burris Fidelity Jurisdiction Board Sanctions Motion to Dismiss Stay FAA OWB Retaliation Credit Cards Scottrade Rule 3010 Explained Decision Vacatur Dissent Fiduciary Continuing Education Undisclosed Settlement Broker Protocol Huffington Post Compliance Severance Customer LOA 9Cir Solicitation COVID Bharara Willfully Variable Annuity Disclosure Lehman Brothers Identity Theft Hacking MSSB Malware Unauthorized Trading Hacker Coronavirus brokeandbroker Divorce Unsuitability Registered Rep Magazine Disgorgement RRBDLAW.com arbitration Discrimination Rule 12200 Rule 3050 Unfair Competition Gallagher Cryptocurrency Deceased Manifest Disregard Annual Compliance Questionnaire Bitcoin Retirement Variable Annuities Stockbrokers Sexist Sexism Letter of Authorization Spoofing Customer Complaint Forex Apple Wedbush Stifel Website Motion to Vacate JPMorgan Personal Expenses Audit Reg SP Reimbursement Wey 10Cir employment Lucia FINRA Arbitration Away Accounts Commission Self Regulation Net Capital Elder Abuse BrokeAndBroker Bill Singer Brummer REIT Internet LIBOR Social Media Postponement Rule 12805 Prison Second Circuit Registration Will Lehman Class Action 2nd Circuit TD Ameritrade FINOP jobs Solicited RMBS Zipper Board of Governors Bonds Fees Indemnification Imposter Debit Card Telephone Unsolicited Loans Marijuana Unjust Enrichment MetLife Hilton Weiner Hedge Fund Rule 2111 Charles Schwab Rule 2150 IC3 bill singer BOP Private Placement Time And Price Arbitraiton Trading Platform Private Securities Transactions Examination China Confidential Information Rule 3110 Plea Statute of Limitations BrokeAndBroker.com Blog FOREX Waiver Judgments Due Process Newman RRBDlaw.com MC-400 BrokeandBroker Bureau of Prisons Regulation SP Compensation Widow WSPs PNC Emails CNBC Confirm Protocol Obstruction of Justice TOD CE Rule 9552 CRS Lawyer Cheating Testimony JOBS Act Sanction Guidelines Rakoff Stifel Nicolaus ADA Check Kiting Kokesh CPA Public Interest DOL Auction Rate Securities Dakota Securities Motion to Confirm Counterclaim FINRA Board Morgan Keegan Puerto Rico Piwowar Bear Stearns Small Firm Governor Joshua Brown Charge Mutual Funds Botkin OSHA FNMA Knight Employment Agreement Credit Suisse AML NYAG Suspension IPO Crowdfunding ING Rule 13200 Reg D Series 7 Feigenbaum Appointments Clause Affinity Fraud BD Passcode TSSB Medicare Restaurant Wine Morgan Stanely Pennystock Unsuitable Raiding Bloomberg Customer Information MF Global Banc of America Confidential CEO Elder Fraud IAR Affiliate Executor SAC Hurry Bandimere Stanford 4Cir Whistleblowing Shah Gilani Ketchum Standing Conflict PN Cannabis Woody Allen Charity EIA Oppenheimer expungement TheBlot Bank Fraud Rule 2081 Mother Rule 12504 Gold Concentration Embezzlement Phishing Inability to Pay Khuzami Aleynikov Non Solicitation USERRA Rule 4513 Rosenthal Recruiting Wire Transfer Tortious Interference Broke And Broker Rule 12904 Dementia Day Trading Termination Rule 13805 Article V Check High Frequency Trading Reg S-P OIG Churning Sales Assistant Smith Barney Government Accountability Project Constitution 6Cir TCR HSBC White Nietzsche NPR Marketplace Hearing Unregistered Kon Ethereum VIX Corruption Rule 3030 Commodities Fraud Johnny Burris Probate Rule 2210 Yesenia Guitron Honorarium SunTrust McDuff Medical Condition Star Wars Disability Hugh Hewitt Layering Finder\'s Fee Slander ICO Information Amazon Obstruction Ride the Thunder Bid Rigging Teleconference Administrative Remedies Unauthorized Practice of Law Research Taxes Marine Corps 9/11 Marines Vietnam Guitron Failure To Supervise Libel 6th Circuit Chief Compliance Officer Immunity Vault Whitman Wanger Outside Account Diversity Statutory Disqualification Committee Aguilar Corzine EDNY Leveraged ETF WB-APP Poteroba David Sobel 3Cir SDFL Deferred Compensation 401k Private Placements Testing Exhaustion of Administrative Remedies Circuit Court Parking IM Laptop Sharemaster PAQ Trade Secrets Non-Solicitation Eligibility Membership Continuance AAA Consent Order Argentina Morgan Stanley Smith Barney Attorneys Fees Margin Call Accounting Funds Casino Side Bar Online Lawyers Form ADV Linde Murphy Talman Harris Subpoena ACH Pennystocks Written Supervisory Procedures securities industry commentator Mutual Fund Federal Reserve Moon FINRA AWC Statement of Corrective Action Self Regulatory Organization Penson Joint Account Negligence BrokeAndBroke Electronic Communications Chase Investment Services PIABA NDCA Florida Withdrawals Beneficiaries RICO Crime Capital Gains Timban Password Tax Fraud JPM Red Flags Thain Motion Settling Away 11Cir Arbitration RRBDlaw Sexual Harassment Scholander Fifth Amendment Money Market Do Not Call Test Center 1Cir Commodities Resignation Sexual Discrimination BrokerAndBroker.com Fee Confirmation Fiduciary Duty SP Rule 21F WaMu Client Information ESOP Inside Information Scottsdale FOCUS Fowler signature Turnover Non Solicit Rule 9216 Meals Reform Respondeat Superior Enforcement CGMI Attorneys\' Fees Privilege Backstage Wall Street Sarbanes Oxley First Amendment Motion to Compel Equity Indexed Annuities Commissioner Stein Inmate 401(k) Blank Forms YouTube Investor Alert Copyright Congress Stop Loss Hester Peirce Prudential Rule 12212 VXX Trader Investment Adviser BATS 40 Act Third Party Vendor Oral Discretion Jennifer Tarr Disciplinary History Reuters Dell Excessive Trading Stockbroker David Lerner Life Insurance Rule 9554 Judgment FCPA Over Concentration Netschi Moore Self Directed Service Obama Regulation Rule 2370 Chevron Rule 1031 Annual Audit 17a-5 Death SD Elder Law Rationale Rory Flynn BrokeAndbroker NYG Capital Google Kiting Texting Counterfeit Trading Relevant Selling Away S&P Lincoln Financial LLC Fine CDO Robert Cook Puts Robert Muh Data Guest Bloggers 11th Circuit OCIE FINRA Small Firm OWWP Elles Schneiderman AXA Hospital Reverse Life Insurance Outside Accounts Christian Stanley Taft Correctional Institution Escrow Permanent Bar FCI Arrest CD Saad FCI Beaumont Female Chiasson Department of Justice SIFMA Pruco Cold Spring Advisory Group Relevant Disciplinary History Control Person Stipulated Award Fines Expert Witness Newport Coast Securities TIC Verbal Discretion Conflicts Pacifico Nasdaq Rules of Practice Reverse Merger Liu Books And Records Kennedy Impersonator CAT BIll Singer Rule 2430 BitTorrent Patriot Act McCartney Promoter State Farm Springsteen Cybercrime Twitter Scam Undercover Bill Singer BrokeAndBroker God Diamonds ADEA Vacate NML Practice Sale SEC Rules of Practice Evidence Preliminary Determination Mattera Sears Romer Travel Hackers Subway Silver Age Discrimination Prime Bank Martoma Turbeville Laser Trainee Fee Father Wages Janney Montgomery Scott Non-Prosecution Agreement Lexicon Customers Payroll EDPA National Securities UIT Chase Bank Advisor Placement Group Fiero Led Zeppelin Disparate Treatment DWI Cherry Picking Covid-19 EB-5 Kent Lek CMO MBS Undertaking FDA Initials Lee Molchatsky Obamacare money laundering wire fraud Theft Coin Gifts Compromise Short Sale Currency Wells Fargo Advisors Dinner Supervisor Wires Merill Lynch iPhone Flash Drive Series 79 Stock Promotion Women 10b-5 Oilpro Exception Reports Expense 10b-10 Transfer Binary Options Customer Files Collateral Preet Bharara Compliance Officer Legend Mary Jo White PHC Motion To Dismiss Wire Transfers BBVA Microcap Credit Repair Summary Judgment Texas State Securities Board Bank Guarantee Regulation S-P Merger Section 206 Risk Banks Goble Martin Branch Manager Fourth Amendment Restitution Merrill Series 66 Proctor Anderson Work Product Leveraged ETFs Well Managed Portfolio Exhaustion Doctrine Eric Stein Life Settlement mail fraud DPA Checking Malice Deferred Prosecution Agreement Allstate Excel Gabelli Jon Corzine Arbitrator Non Compete FMLA 1099 Wang Ethics Bartko Self Reporting Liquidation Salman Hertz Finra Rule 12104 AIG Investacorp SIPC NRSRO Municipal Advisor Default Countrywide Outside Counsel Deceased Customer Financial Disclosure Son Tran Last Known Address Retroactive Bar Collateral Bar Retroactive FNI Media Mantar Baby Boomers Kierkegaard NY Life Orders Daspin Preliminary Injunction Walter Res Judicata Offset HBO Sharing Agreement Constructive Discharge FTC Boyland Books and Records Falsification false statements Schumer Dow Compliance Questionnaire Bribe RR Powell Reason for Termination Nationwide William Faulkner Fraudulent Inducement Spam Diabetes Rule 3210 Tennis Court Retired Woman With Cane Koval Breach of Contract Disney Criminal IBM Bezos Cryptocurrencies Capitalism Mary Schapiro BrokeandBroker.com Berthel Fisher Galleon Income Guardian Elon Musk Clayton Dostoevsky Production Broy House Financial Services ALJ Foelak Whistleblowers MDLA Racism Civil Rights RRBDLAW Brokeandbroker.com Game of Thrones NFA QuadrigaCX NoCA Newbridge Sex Murray Kenneth Starr Election Dissident Securities and Exchange Commission AWC. FINRA fraud Pension Stephen A. Kohn ALJ Grimes Naskovets Skimming Apartment PSRO Irreparable Harm Margin Calls Unauthorized Trades Stipulation 9th Circuit Office of Special Counsel MSPB Bill singer Mistake Grievance ADR GAP Willfull Confidential Customer Information Statute of Limitation CMA In House Counsel Altered Records 8210 Executrix Principal Municipal Bonds Harris Tipper Witness Tampering Cellphone US Airways Tippee ETFs Varney 5Cir Rule 2330 Traders Rule 3310 Reasonable Absolute Immunity Bob Dylan Lewis Carroll Personal Information Spoliation EEOC Sterne Agee JPMorgan Chase Exotic ETF Quasi Governmental Solomon Costa Rica Johnson State Actor Rule 420