An irreverent Wall Street Blog

BrokeAndBroker.com Blog by Bill Singer Esq WEEK IN REVIEW

September 17, 2022

https://www.brokeandbroker.com/6661/dmca-brokeandbroker/
Sometime on or about January 8, 2020, my web hosting service informed me that its Abuse Department had received a DMCA Takedown Notice regarding a February 2010 article that I had authored and published with copyright. After responding to the takedown, I prevailed and my article was allowed to re-post. The theft of my original content was so obvious as to be laughable. Or so I thought. The other day, the same 12-year-old article again was hit with a DMCA Takedown Notice; and, go figure, the infringing article that gave rise to the 2020 incident was, yet again, the source. I'm not quite sure who or what's behind the effort to silence me but I love a good fight. I've laced up the gloves and re-entered the ring.

https://www.brokeandbroker.com/6660/jpm-chamberlain/
In this blog, I have often mused -- often lamented --  that Wall Street doesn't always play nice. It's not a street where former employers and former employees tend to shake hands and amicably part ways. Far too often, when someone leaves a brokerage firm, even after a decade's of employment, what ensues is akin to hardball. In today's version of the post-Wall-Street-employment-gauntlet, JPMorgan alleges that a former employee violated his Non-Solicitation Agreement by trying to persuade former clients to transfer their account to his new shop. 

https://www.brokeandbroker.com/6652/merrill-lynch-expert/
The recent federal case involves a deceased customer, his estate, a Merrill Lynch employee, trust accounts, and an annuity. Frankly, they could make a movie out of this one. Until the movie is made, however, you're going to have to read today's blog and see how the case is progressing.

https://www.brokeandbroker.com/6640/finra-joseph-stone-awc/
Given all the fraud that has emanated from FINRA's member firm broker-dealers in recent decades, the investing public needs someone on the ramparts of Wall Street -- vigilant, on-watch, alert. Clearly FINRA has the staffing to do the job, but does FINRA get the job done? At first glance, a recent million-dollar settlement suggests that FINRA is a vigilant regulator; however, after further scrutiny, that same settlement exposes FINRA as little more than a toll-booth on Wall Street.  

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