Regulatory lawyer Bill Singer has analyzed and posted the latest crop of FINRA disciplinary cases
A truly well-explained FINRA arbitration decision adjudicates the dispute between an institutional client that invested in Auction Rate Securities and its broker-dealer. Were the ARS "suitable"? Read how this case answers that thorny question.
Two characters somehow manage to transfer escrowed funds overseas to Swiss and Maltese accounts. The thing is, though, that they claim not to have retained control over the foreign accounts and, damn, they're having trouble finding out where the dollars actually are or what's being done with them.
Was it just a feeling or a firm decision to go into cash? Did the broker wrongly talk his client into staying in the market?
Yet another federal indictment of an IRS employee. Is this the beginning of a series of criminal charges?
What the hell was the FBI thinking when it went kid friendly?
Children's clothing manufacturer caught in web of accounting fraud and insider trading by its former executive. See how the public company navigates through the dangerous waters.
You got your IRS Agent who asks for and gets a bribe. You got your taxpayer who offers and pays a bribe. You got a helluva a lot of trouble -- but are the sentences consistent?
Bill goes off on a rant -- or is it a diatribe? He's all in a lather about why no government officer or agency ever seems to get named as a defendant when the government itself starts pointing fingers at the private sector. For starters, he goes off on the Department of Justice's recent civil case involving the Gulf oil spill. This one you gotta read.
These days, everyone is suing everyone about everything. Of course, since Bill is a lawyer, he's not exactly upset about that. Can you spell R-E-T-A-I-N-E-R? However, just for a change of pace, read about two public customers who get bounced in FINRA arbitrations for raising odd claims.
In a word: Disgusting. Don't read this one on a full stomach.
On the one hand, you could take the big bucks and work nights and weekends to write your own code from scratch. On the other hand, there's always that COPY and PASTE alternative.