An irreverent Wall Street Blog
by Bill Singer

Registered Rep Magazine's "Street Legal" Column Now Online. The saga of a bankrupt broker

March 7, 2011

  

Street Legal: Beware the Bankrupt FinancialAdvisor

In December 2000, Centaurus Financial hired Bart B. Bertholic as an independent registered representative and investment advisor. Centaurus knew about his 1991 personal bankruptcy and two unsatisfied IRS judgment liens. Some would say, No big deal … that's history. On the other hand, there's still that question mark about a rep who can't handle his own finances. Although I'm not taking sides here, Centaurus would have been well-advised to keep Bertholic on a short leash.

READ BILL SINGER'S ANALYSIS OF A FINRA ARBITRATION FILED BY BERTHOLIC'S FORMER CLIENTS AGAINST CENTAURUS:

 
============================================

Don't Forget to Visit:

Wall Street's Leading Online Community:

http://BrokeAndBroker.com

http://BrokeAndBroker.com/index.php

The Comprehensive Online Wall Street Regulatory and Legal Website:

http://RRBDlaw.com

Permalink

Search BrokeAndBroker

Related Topics

Previous Entries

Tag Cloud

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