Bill Singer of RRBDlaw.com analyzes key
Financial Industry Regulatory Authority ("FINRA") regulatory cases.
March cases now posted.
PIPEs: Bill Singer is no fan of PIPEs -- see, Yet Another PIPEs Hosing: Lawyer Facing 20-year Sentence and Gross Abuse: Broken PIPEs .
SIGNATURES: At least half a dozen March cases in which registered persons seem to be affixing signatures or initials to all sorts of documents for all sorts of reasons.
MORTGAGES: Among the more asinine things that consumers do is taking out mortgages in order to invest the proceeds in the stock market. Why do they do this? Some say it's because the stockbroker recommended this strategy. Sure --that should be enough of a reason for anyone to go out and make such a risky move. Yeah. Uh uh.
IMPERSONATION: You might not be aware that many brokers have amazing talents -- beyond the mere ability to pick fabulous stocks and turn your pennies into gazillions. Some Wall Streeters have the gift of impersonation.
At a bare minimum, we have the right to expect sufficient content and context in a FINRA Arbitration Award so as to render the published document inte... Read On
In a recent federal case, Morgan Stanley raised a number of serious questions about a former employee, but those questions didn't help the firm win a ... Read On
Stockbroker and investment advisor Leon C. Vaccarelli got into the ring with the United States Government and thought he could go the distance against... Read On
FINRA, FinCen, Networks, Authorities, Priorities, Statements, Guidance, AML, CFT, BSA, and NBFI (BrokeAndBroker.com Blog)http://www.brokeandbroker.com... Read On
I'm told that Wall Street is a highly regulated place although I'm not quite sure just what constitutes Wall Street these days. The old Financial Dist... Read On
Sometimes you're wrong. Frankly, we're all wrong sometimes. In a recent FINRA arbitration, we have a registered representative who was wrong. To his c... Read On