Sometimes, no matter what, it seems that it's always the stockbroker's fault. Now -- mind you -- quite often that's a safe bet. There are a lot of bad guys and gals out there parading as Wall Street professionals when, in reality, their only interest is to generate commissions and, worse, steal your money. On the other hand, much the same could be said of many lawyers, CPAs, and a whole host of other supposed professions.
Still, just because you're charged with something doesn't mean that you're guilty. Unfortunately, in the world of Wall Street's regulatory proceedings and arbitrations, it often seems that the deck is stacked against the lowly stockbroker. However, every so often, reason prevails and justice is done.
In his current Registered Rep. magazine column, "Street Legal", author Bill Singer presents one such case in which a stockbroker named as a respondent in a FINRA customer arbitration won a much-deserved expungement of his record. READ "It's Not Always the Broker's Fault."
Don't miss Bill Singer's other 2011 Street Legal columns: