An irreverent Wall Street Blog
by Bill Singer
by Bill Singer
Bill Singer's Monthly FINRA Cases Now Analyzed and Online at RRBDlaw.com
Written: December 22, 2010
NEW FINRA MONTHLY DISCIPLINARY CASES
NOW ONLINE AND ANALYZED BY BILL SINGER
http://www.rrbdlaw.com/enforcement-actions/index.php?cid=1
Regulatory lawyer Bill Singer has analyzed and posted the latest crop of FINRA disciplinary cases
- You remember the old days when supervisors used pencils and erasers when reviewing trades? Remember the old codger Murray who insisted on doing thing his way -- and that meant giving everything the old eyeball? Well, seems that FINRA isn't prepared to accept the "legacy" way of doing things in this new "digital" world. Read how an old-fashioned "manual review" involving RRs subject to heightened supervision got one member firm in trouble.
READ HERE at http://www.rrbdlaw.com/enforcement-actions/index.php?cid=1#2008011649201
- Sometimes folks do the wrong things for some right reasons -- then again, stealing from Peter to pay Paul isn't exactly okay. Which is why it's tough to come to grips with this case involving a broker who stole money to fund an inner-city basketball team.
READ HERE at http://www.rrbdlaw.com/enforcement-actions/index.php?cid=1#2009017694001
- One Associate Person forged customer signatures and falsified documents in order to meet the production goal of his firm's affiliated insurance company. Guess how well that short-cut worked.
READ HERE at http://www.rrbdlaw.com/enforcement-actions/index.php?cid=1#2010022662401 - One Associate Person forged customer signatures and falsified documents in order to meet the production goal of his firm's affiliated insurance company. Guess how well that short-cut worked.
- A broker recommended that his insurance customers participate in a Stock-to-Cash program to the tune of over $4 million. Oh boy, what a mess -- both for the broker and his supervisor.
READ HERE athttp://www.rrbdlaw.com/enforcement-actions/index.php?cid=1#2007008935001 and http://www.rrbdlaw.com/enforcement-actions/index.php?cid=1#2007008935002
- Okay, so, a bunch of senior guys are getting ready to jump ship and they tell a junior person to to alter the phone numbers of record for their clients. Wait -- there's more. The junior guy somehow gets caught. And, wait -- there's more. As part of his settlement with FINRA he agreed to be interviewed by FINRA at such times as FINRA may reasonably request and to appear and testify truthfully and completely in such investigations or hearings as FINRA may reasonably request
READ HERE at http://www.rrbdlaw.com/enforcement-actions/index.php?cid=1# 2009017798901
http://www.rrbdlaw.com/enforcement-actions/index.php?cid=1
[^top^]
Previous Entries
May 16, 2013
The $2.6 Million Question In Goldman Sachs Suitability ArbitrationFINRA arbitration Decisions tend to be unanimous, but, with increasing frequenc... Read On
May 16, 2013
FINRA arbitration Decisions tend to be unanimous, but, with increasing frequency, we are seeing decisions by two of three arbitrators -- and ther... Read On
May 16, 2013
In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in November 2011, Claimant Process Engineering Services as... Read On
May 16, 2013
Time and time again I have admonished registered persons about the dangers of using the old blank form short-cut. And, time and time again, I report a... Read On
May 15, 2013
In recent years, more individuals have been disqualified from service as an officer or director of a public customer based upon judicial findings of "... Read On
May 14, 2013
I dunno what it is with some folks but once you roll out the words "international" and "bank" and talk in hush tones about a prime bank note or a trad... Read On
May 14, 2013
Starting as early as May 2008 and continuing through February 2009, Christopher Rad, Cedar Park, TX, James Bragg, Chandler, AZ, Doyle Scott Elliott, J... Read On
May 14, 2013
In any profession, the good ones always seem to go the extra mile. Sometimes, however, those long distance runners may turn out to be Rosie Ruiz. &nbs... Read On
May 13, 2013
In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in September 2011 and amended thereafter, Claimant Teevan ... Read On
May 13, 2013
Another insider trading case goes to the jury and another defendant is now headed off to pay his debt to society. Veteran Wall Street regulatory... Read On
May 13, 2013
Although a trifecta in horse racing is a wonderful thing to win, when dealing with Wall Street regulators, stockbrokers ought not be betting their car... Read On
May 13, 2013
With troubling frequency, BrokeAndBroker.com has been reporting about regulatory problems bedeviling securities firms with bank affiliates -- particul... Read On
May 13, 2013
EMPLOYMENT TUESDAY AT BROKEANDBROKER.COMVisit the BrokeAndBroker Employment Page BrokeAndBroker.com JobsIf you are an employer seeking job c... Read On
May 13, 2013
On the heels of the Great Recession, disputes involving discharge in bankruptcy have taken on greater importance -- particularly amid allegations of f... Read On
May 13, 2013
In this FINRA arbitration, public customers were incensed over their inability to reach their stockbroker to discuss their unhappiness with what they ... Read On
Related Topics
Tag Cloud
Internet FINRA Bear Stearns Bloomberg SEC NASD NYSE Money Laundering Due Diligence Waiver Forbes China Chepucavage Broy Woody Allen Madoff NAC NPR Marketplace Stanford UBS Ketchum Antitrust NASDAQ RRBDLAW Schapiro Bill Singer BrokerAndBroker USERRA Brokeandbroker.com Morgan Keegan Arbitration BrokeAndBroker.com Khuzami BrokeAndBroker Aleynikov Goldman Sachs Promissory Note U4 Bill SInger EFL CFTC Huffington Post Flash Crash arbitration RBC RRBDLAW.com Ponzi Affinity Fraud Wachovia Raymond James BrokeandBroker.com Expungement Fraud Securities Fraud Outside Business Activity Registered Rep Magazine FOREX BrokerAndBroker.com FBI Banc of America Pro Se Supreme Court Morgan Stanley Smith Barney E*Trade Margin email Penson U5 Defamation Protocol Wells Fargo Punitive Damages Citigroup Merrill Lynch ARS Employee Forgivable Loan Street Legal Morgan Stanley AWC Fidelity Bankruptcy Broke And Broker HFT David Sobel Ameriprise Commissions Spouse Schwab CRD Kenneth Starr IRS CNBC Complaint ATM Skimming Hacking Phishing Malware Naskovets Poteroba Koval Lincoln Financial Rakoff 2nd Circuit Second Circuit IRA 401k Forgery Tax RRBDlaw.com Email Netschi Moore Whistleblower Street Sweeper Tran Bharara Facebook Online Bonus TD Ameritrade Hedge Fund Smith Barney Lehman Brothers Scottrade Lehman Chase Hertz Insider Trading Bank of America Elles Bribe Auction Rate Securities Raiding Spam Edward Jones Medicare Dow Schumer Walter Bid Rigging Real Estate Discrimination Wall Street Statutory Disqualification Form U4 Indictment Boyland DOJ Corruption FTC Do Not Call FINRA Arbitration Costa Rica Settlement LIBOR Varney Plea Rule 8210 RRBDlaw Appeal Fowler LPL US Airways MSSB SunTrust Discovery Employment Rosenthal Recruiting Lawyer Trading Platform JP Morgan Employment Tuesday Wrongful Termination WaMu Solicitation REIT Martin Credit Cards Away Account Credit Repair PN Advisor Placement Group Forex Mortgage Merrill Exam Lee Borrowing Tax Lien Conversion Felony Misdemeanor Expenses ING OTR Jobs Florida Credit Card Elderly Annuity FNMA TIC DWI Suitability POA Power of Attorney Casino NSF MF Global Counterfeit Preet Bharara Corzine Hacker Prison NASAA FCPA Identity Theft Gold Dell Bar Injunction Deutsche Bank HSBC Eric Stein Wire Fraud CCO Joshua Brown Backstage Wall Street Outside Account Options Telephone Social Media ADA Tax Fraud Retirement OBA Equity Indexed Annuities EIA MetLife Continuing Education Impersonation Annuities ETF Mail Fraud Signatures BitTorrent Crowdfunding Away Accounts Dodd Frank Checks Congress Wife Bank Discretion Restaurant Commodities Private Securities Transaction Offer of Settlement Chase Investment Services Barclays Willful T&P Husband Knight Signature Judgments Undisclosed Settlement Trainee Fee Trust Test TSSB Trustee