An irreverent Wall Street Blog
by Bill Singer

BrokeAndBroker.com Blog by Bill Singer Esq WEEK IN REVIEW

October 16, 2021

http://www.brokeandbroker.com/6108/finra-fincen/
Now we take that one step from the sublime to the ridiculous. FINRA actually believes that it is somehow furthering its regulatory mission when it publishes a Regulatory Notice about FinCEN's issuance of priorities that don't change anything because nothing is actually effective. Wow -- talk about meaningful regulation! Of course, this comes from a self-regulator that proclaims: "We Play a Big Role." Indeed you do. The thing is that FINRA doesn't quite appreciate the irony of its claim. In truth, FINRA is "play" acting. Sadly, FINRA is merely hitting its marks and dryly reciting its lines in a second-rate drama amid a dwindling audience after receiving poor notices from the critics.

http://www.brokeandbroker.com/6099/finra-arbitration-undelineated/
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 credit, he owned up to his error. He made a mistake, as we all do. He was willing to pay for the damages he caused but apparently he was unwilling to overpay. Such is the stuff of failed settlements and the roll of the dice in litigation. 

http://www.brokeandbroker.com/6098/finra-expungement/
At issue in today's blog is a FINRA expungement arbitration involving a non-customer inquiry filed by UBS with FINRA as a customer complaint. Other than that, UBS did everything it was supposed to but for the fact that it did nothing it was supposed to. 

Permalink

Search BrokeAndBroker

Related Topics

Previous Entries

Tag Cloud

Bill Singer BrokeAndBroker FINRA Arbitration AWC SEC Expungement BrokeAndBroker.com BrokerAndBroker Employment Guest Blog Guest Blogger Wells Fargo Street Sweeper Bill SInger Aegis Frumento Jobs OBA U5 Fraud Promissory Note U4 Email Merrill Lynch Morgan Stanley UBS CRD Defamation EFL Elderly Wire Fraud BrokeAndBroker InSecurities Statutory Disqualification OHO Whistleblower Suitability NAC PST Forbes FBI DOJ ALJ Ponzi Rule 3270 Supervision Citigroup BrokerCheck Form U4 IRS Borrowing SDNY OIP Expenses Willful Supreme Court Pro Se Outside Business Activity Bank Ameriprise Rule 8210 Securities Industry Commentator Felony Dodd Frank Rule 2080 WSP Rule 2010 Discretion Wrongful Termination Form U5 Discovery IRA Wachovia RIA Raymond James Business Expenses Mail Fraud Insider Trading JP Morgan Wife Bar NASD Conversion Punitive Damages Husband CCO Bankruptcy Edward Jones Stephen Kohn TRO Rule 1122 Margin Forgery Checks Settlement Estate Rule 3240 Willfulness arbitration Tax LPL Trump Schwab Commissions 2Cir Wall Street Outside Business Activities Employment Tuesday Credit Card NYSE Promissory Notes Small Firm Madoff Insurance Corrective Action Statement Frumento Rule 3040 FAA Beneficiary Injunction Private Securities Transaction Annuities CFTC Options Facebook Tax Liens Antitrust Impersonation Bank of America Rule 3280 Power of Attorney Real Estate Due Diligence Customer Indictment ETF Crypto Trust Stay Tax Lien Remand Exam Rule 12206 SRO Mortgage Spouse Offer of Settlement OWB ATM TD Ameritrade Street Legal Test Retaliation Away Account Annuity OTR Signature Misdemeanor Securities Fraud COVID Trustee Solicitation Complaint Goldman Sachs Barclays Eligibility Rule email Jurisdiction POA Discrimination Wire Case In Point ACQ Motion to Dismiss VA Rule 2510 Explained Decision Schapiro Sanctions NASDAQ Blockchain Lien Appeal Initial Decision Reg SP Spouses ARS DCCir Loan Rule 4511 Unauthorized Discretion Fidelity NSF JPMorgan Conspiracy 9Cir E*Trade Employee Forgivable Loan Rule 12200 Money Laundering Liens Rule 4530 Mandatory Arbitration T&P Burris HFT PCAOB Deutsche Bank Compliance Failure to Supervise Retirement AML Bonus Unfair Competition NASAA Class Action Cease And Desist Flash Crash Signatures CRS Unsuitability Motion to Vacate Great Recession RBC Reimbursement Dissent LOA REIT Personal Expenses Continuing Education Manifest Disregard Rule 3010 Fiduciary expungement Willfully FINRA Board Severance Undisclosed Settlement 10Cir Chase Scottrade Hacking Huffington Post Customer Complaint Vacatur Broker Protocol Divorce Credit Cards Disgorgement Due Process Lehman Brothers BD Unauthorized Trading IAR Spoofing MSSB Malware Bitcoin SDFL Deceased Variable Annuity Rule 3110 Bharara Disclosure Sexist Fees Identity Theft Gallagher Hacker Will RRBDLAW.com Rule 3050 Internet Board brokeandbroker Registered Rep Magazine Indemnification Sexism Cryptocurrency MC-400 LIBOR Solicited Away Accounts Stockbrokers employment Rule 9552 Stifel Website Widow Wey Letter of Authorization FINRA Arbitration Loans Self Regulation Examination Statute of Limitations Commission Trading Platform Audit Private Placement Annual Compliance Questionnaire Variable Annuities 4Cir Forex Lucia Kokesh Coronavirus Emails Apple Elder Abuse Zipper Wedbush Social Media Waiver PIABA jobs Private Securities Transactions Postponement PNC WSPs FINOP Unsolicited Net Capital Rule 2150 Credit Suisse Rule 2111 Charles Schwab Exhaustion of Administrative Remedies Gensler Second Circuit Rule 12805 RMBS OIG Breach of Contract 2nd Circuit Rule 12904 Public Interest Lehman BOP Dakota Securities Bonds 3Cir BrokeAndBroker Bill Singer Prison Registration Crowdfunding Hedge Fund Arbitraiton Confidential Information Brummer JPM Cheating RRBDlaw.com bill singer CE Bureau of Prisons IC3 Judgments Non-Solicitation Unsuitable insecurities Time And Price TOD Whistleblowing Unjust Enrichment Suspension RR Morgan Keegan Robinhood Hilton Weiner guest blogger NYAG aegis frumento ADA guest blog CMA Sanction Guidelines Rule 13200 FOREX Debit Card IPO Imposter China Plea Marijuana Diversity Margin Call BrokeAndBroker.com Blog BrokeandBroker Newman Bear Stearns Motion to Confirm MetLife Telephone Series 7 NoCA Compensation Rakoff Auction Rate Securities Embezzlement Tortious Interference Joshua Brown Oppenheimer Non Solicitation Botkin OSHA Counterclaim Whistleblowers Confirm JOBS Act Sexual Harassment Rule 2081 Charge Absolute Immunity Puerto Rico Check Kiting DOL TCR Board of Governors Small Firm Governor Regulation SP Knight 1Cir NDCA Finra Raiding Mother FNMA Obstruction of Justice CNBC Employment Agreement 11Cir Reg S-P Restaurant CPA Concentration Lawyer WB-APP 9/11 Broke And Broker Testimony Statutory Disqualification Committee Racism Rule 4513 Gold Piwowar Elder Fraud Covid Mutual Funds Membership Continuance Rule 2210 Protocol SunTrust Private Placements Leggett Stifel Nicolaus Trade Secrets Cannabis Written Supervisory Procedures Saad TheBlot Immunity securities industry commentator Wine Testing Pennystock Deferred Compensation Michael King High Frequency Trading Unregistered Day Trading Enforcement Passcode Dementia Charity Hurry Morgan Stanely DNJ supervision MF Global Pennystocks Bandimere Affiliate EIA Article V Corruption Shah Gilani Form ADV Michael King Associates Bloomberg Banc of America Leveraged ETF Wire Transfer Termination VIX SAC ING Conflict Confidential Lawyers Woody Allen Executor Sales Assistant PN fraud Medicare Puts Service Bank Fraud Ketchum Biden Churning Preliminary Injunction Rule 13805 Check EDNY Taxes USERRA Confidentiality Standing Rule 12504 Phishing Funds Robert Cook Appointments Clause Irreparable Harm Affinity Fraud Customers Federal Reserve Circuit Court Johnny Burris Feigenbaum Aleynikov Customer Information Inability to Pay Research Test Center CEO Reg D Rosenthal Recruiting Sarbanes Oxley 10b-5 AAA Stanford TSSB Restitution HSBC Khuzami Information Rationale Negligence Argentina Ethereum 5Cir Commodities Fraud Pruco Trader Obstruction Administrative Remedies Rule 2430 Moon ACH Rule 21F Consent Order Hearing Motion to Compel IM McDuff Unauthorized Practice of Law Rule 3310 Statement of Corrective Action State Actor Rule 3030 Outside Account AXA Sexual Discrimination Mutual Fund Layering Eligibility Medical Condition Star Wars Bid Rigging CGMI Side Bar Spoliation Google Amazon Penson Superior Court FMLA BrokeAndBroke Excessive Trading OCIE Rule 9554 6th Circuit Nietzsche Morgan Stanley Smith Barney Death Constitution Finder\'s Fee Disability Kon David Sobel Probate FINRA AWC Rule 12212 Teleconference Failure To Supervise Poteroba 6Cir NRF Chase Investment Services ICO signature Stipulated Award Vault Accounting Third Party Vendor CDO Corzine Relevant Disciplinary History Honorarium Chief Compliance Officer Hugh Hewitt NPR FINRA Small Firm Marketplace Casino Marine Corps White Parking Self Regulatory Organization Ride the Thunder Marines Vietnam Laptop PAQ 10b-10 Sharemaster Congress Default Talman Harris Subpoena JPMS Cantor Fitzgerald Hester Peirce Self Directed Whitman Government Accountability Project Guitron Yesenia Guitron Lincoln Financial Joint Account Conflict of Interest Aguilar 401k DMD Smith Barney money laundering Attorneys Fees Online Beneficiaries Privilege Over Concentration Wanger Securities America Chevron Fiduciary Duty Son Racial Discrimination NYG Capital Annual Audit Puerto Rico Bonds SP Settling Away Turnover WhatsApp Kiting OWWP Interactive Brokers Ethics Non Solicit 17a-5 Schneiderman Mistake Taft Correctional Institution Outside Counsel Password Elles Relevant FCPA BrokerAndBroker.com Scholander Reform Acosta elderly Reverse Life Insurance Red Flags Do Not Call Fifth Amendment Permanent Bar Copyright Timban FCI Motion Department of Justice Christian Stanley Title VII ESOP CD Res Judicata Offset BATS Commissioner Stein WaMu Penalty Scottsdale Judgment Cold Spring Advisory Group Rule 2370 Arbitration Rule 13504 Rule 1031 RRBDlaw Disciplinary History Jennifer Tarr LLC 401(k) Pension Microcap Withdrawals Female Conflicts Blackbook Regulation RICO EEOC Hotel VXX Tesla Obama Control Person Extortion Chase Bank Inmate Backstage Wall Street Financial Professionals Coalition Wires Blank Forms Outside Accounts 11th Circuit Prudential UIT Inside Information EDPA Gross Attorneys\' Fees Transamerica Series 79 Stop Loss Resignation Meals NY Life Chiasson SIFMA mail fraud BrokeAndbroker Book of Business Money Market wrongful termination Verbal Discretion Newport Coast Securities wire fraud Fine Slander Rule 9216 Hospital Trading GameStop Tax Fraud For Cause Risk Life Insurance WBAPP Guest Bloggers Johnson Reuters FOCUS Arrest Thain Expert Witness Rory Flynn Fowler Gamification Falsification Subject Matter Jurisdiction Harassment Escrow 40 Act Libel First Amendment Fee Elder Law Revocation Netschi Texting Liquidation Counterfeit Investor Alert Moore David Lerner FCI Beaumont Self Reporting Selling Away S&P Confirmation YouTube Dell Respondeat Superior Zoom Electronic Communications Regulation S-P Equity Indexed Annuities Florida Capital Gains FAP Extraordinary Circumstances Oral Discretion Client Information Commodities Crime Fines Investment Adviser TIC Civil Rights Stockbroker Daughter Data SD Rules of Practice Evidence SIE Jay Clayton ALJ Foelak Swaps Age Discrimination Hearsay Schottenstein SEC Rules of Practice ADEA Excel Mail Expense Rule 21F-17 Undertaking Eric Stein Rule 13201 DWI Fiero CMO Branch Manager Merger Bill Singer BrokeAndBroker Work Product Ten Commandments God Gnomes Leveraged ETFs Collateral Motion To Dismiss Flash Drive State Farm Form TCR Gifts iPhone Supervisor Extraordinary Cooperation Third Party Beneficiary Wire Transfers Compromise Jon Corzine Binary Options Short Sale Dinner FINRA Foundation Liu FDA Checking NFT Mary Jo White Transfer Wells Fargo Advisors Compliance Officer Sears Deferred Prosecution Agreement DPA Merrill Father Law School FinCEN Arbitrator Section 206 Khan Motion to Compel Arbitration Anderson Bank Secrecy Act Patriot Act Credit Repair Travel Martin Payroll Janney Montgomery Scott Martoma Books And Records Advisor Placement Group Preliminary Determination sexism expenses SDCA Private Actor Peirce PHC Lek No Show Lorenzo Exception Reports Malice Vungarala Purshe Kaplan Preet Bharara Arbitrability reimbursement Lee Banks Legend Theft QuadrigaCX BIll Singer Bank Guarantee finra Murray Reason for Termination Kenneth Starr Bill singer Currency Dissident Subway Kierkegaard Initials Nationwide Powell Newbridge Life Settlement Naskovets Skimming MSPB Obamacare Office of Special Counsel Unauthorized Trades 529 Plan Hackers Margin Calls Fidelity Brokerage Services defamation Rule 13206 Confidential Customer Information Merill Lynch Grievance Rule 13104 Rule 12104 Stipulation Well Managed Portfolio Securities and Exchange Commission Forfeiture Investment Advisers Act Koval Prime Bank EDVA Punitive Guardian Tran Countrywide Tennis Court Income Rule 13904 Baby Boomers Rule 3210 ACT! Reg SHO Wang South Park JP Morgan Securities Back Dated Altered Retired Woman With Cane DRS ESG Covid-19 CAT GME Exemption Compliance Questionnaire Fraudulent Inducement Berthel Fisher Springsteen securities fraud Motion to Postpone Vaccarelli Motiion to Acquit Alcoholism McCartney Jury Instructions Press Release Joint Production Financial Disclosure NFA Promoter Turbeville RRBDLAW National Securities Shotgun Pleading Nasdaq Brokeandbroker.com NMS Calls In House Counsel IBM Rule 1210 MBS Corporate Credit Card Deceased Customer ALJ Grimes Tax Advice Apartment BitTorrent Particularity Non-Solicit Notice Rule 144 Frivolous Production Bonus Transitional Bonus Broy House Financial Services AWC. FINRA Stephen A. Kohn PSRO Training Impersonator Disney Criminal Gabelli Galleon ADR GAP Ecuador Municipal Advisor NRSRO Bartko Court of Appeal Sex FINRA Eligibility Rule Statute of Limitation Ineligibility Willfull 9th Circuit Salman Ronald Filler Collateral Bar Retroactive Bar Twitter Series 66 Customer Files Goble BrokeandBroker.com BBVA Mary Schapiro Proctor MDLA SLUSA FNI Media Retroactive In Connection With Mantar Lexicon Last Known Address AMC Tysk NYLIFE Varney Stock Promotion Kovack Securities Panama Nicolas Corcione Fundacion Nicor Kennedy SDOH Quasi Governmental Solomon Non Compete Rule 420 Exotic ETF Bezos Texas State Securities Board ETFs Municipal Bonds Coin FTC Costa Rica Bob Dylan EB-5 Traders Justice Harris Summary Judgment Romer JPMorgan Chase Principal Witness Tampering Personal Information Sterne Agee Mattera Guardianship bank Section 1332 Women Production Lewis Carroll Silver Scam Cybersecurity Dylan Hayden Howey At Will Game of Thrones Cybercrime Burden of Proof DCO Beatles Reverse Merger Executrix Reasonable Diamonds Hurtado Capitalism Clearing Firm Fernandez 8210 NML Cellphone Tipper Altered Records Dostoevsky Tippee Citibank US Airways Cryptocurrencies Boyland Elon Musk William Faulkner JAMS Kent Bribe Cherry Picking Practice Sale NPI Allocation Oilpro Undercover Discharge Motion to Exclude Rule 2330 Disparate Treatment Rule 13212 Orders Daspin College Communications MAP Non-Prosecution Agreement SIPC Exception Report Investacorp Overtime 1099 Public Arbitrator Vacate Pacifico Wages Hertz Clayton Pershing Exhaustion Doctrine Molchatsky Expert AIG Voya annuities Led Zeppelin DMCA Bequest Audit Committee AI Fourth Amendment Constructive Discharge whistleblower Examinations Laser Success Fee Trainee Fee Hostile Workplace DDC HBO Walter Ruder Task Force Diabetes Dow Sharing Agreement false statements Books and Records Rule 12511 Allstate Spam Schumer Espionage