Articles by " Marc Dobin"

Credit Suisse's going-away present to the brokerage industry.

Credit Suisse's going-away present to the brokerage industry.

Posted by on Feb 3, 2016 in arbitration, Marc's Blog

So I’ve been in the securities business for over 30 years now.  For as long as I can remember, disputes between brokers and their firms went to NASD, then FINRA, arbitration.  The U-4 says it.  The FINRA Manual says it. […]

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On Wall Street agrees with me.

On Wall Street agrees with me.

Posted by on Nov 2, 2015 in Stockbroker issues

So I haven’t written in a while.  I apologize to the three people who actually read my blog.  But this struck me.  On Wall Street magazine recently posted an article discussing the wisdom of firing clients.  I wholeheartedly agree. I’ve […]

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A warm, cold calling, welcome to Richard Pollan of Morgan Wilshire.

A warm, cold calling, welcome to Richard Pollan of Morgan Wilshire.

Posted by on Feb 20, 2015 in Cold callers

I received a call yesterday from an “unknown” caller ID with an “unknown” number.  I answered it.  Lucky for me, it was Rich Pollan of Morgan Wilshire Securities, Inc.  I knew I would be entertained. Rich “reminded” me that we […]

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A warm cold caller welcome to Larry Scott of Salomon Whitney Financial LLC.

A warm cold caller welcome to Larry Scott of Salomon Whitney Financial LLC.

Posted by on Feb 17, 2015 in Cold callers

Today’s contestant in “Is Marc Dobin an idiot?” is Larry Scott from the venerable (not) firm of Salomon Whitney Financial.  Larry’s claim to fame is two criminal disclosures on his Brokercheck report (both for marijuana possession) and working for a […]

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I am ambivalent about Avvo and here is why.

I am ambivalent about Avvo and here is why.

Posted by on Jan 30, 2015 in Law office technology, Marc's Blog

As the son of a lawyer, I kind of knew about Martindale-Hubbell ratings.  As a new lawyer, I knew that I wanted that Av Martindale-Hubbell rating.  It meant that my peers thought highly of my work and ethics.  When I […]

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Merrill Lynch fined for late U5 filing

Merrill Lynch fined for late U5 filing

Posted by on Jan 21, 2015 in Fraud, Stockbroker issues

The U-5, the Uniform Termination Notice, is an important part of the information flow in the securities industry.  When a Registered Representative leaves a firm, a U-5 must be filed.  The firm has 30 days to do so.  Most firms […]

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Embezzling broker gets 51 months for his crimes.

Embezzling broker gets 51 months for his crimes.

Posted by on Jan 8, 2015 in Marc's Blog, securities, Stockbroker issues

OK, so it’s been a while.  What with Thanksgiving, Hannukah, Christmas, New Years and a family trip, I wasn’t that focused on sharing my thoughts with the world.  But today something struck me.  On Wall Street reported that a broker in Washington […]

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PIABA wants mandatory insurance.  It won’t work.

PIABA wants mandatory insurance. It won’t work.

Posted by on Nov 25, 2014 in Marc's Blog

Insurance is in the news.  Suzanne Barlyn writes in Reuters that our friends at PIABA want insurance to be mandatory.  Their solution to the unavailability of insurance? Don’t do the business.  My problem with this is that FINRA seems committed to […]

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Be on the lookout for fake IRS calls.

Be on the lookout for fake IRS calls.

Posted by on Nov 20, 2014 in Marc's Blog

For the second time in a week, I received a robocall claiming to be the IRS.  It was a computerized voice.  It wasn’t Stephen Hawking playing a joke on me, either.  I don’t know him.  But I guess he could […]

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Regulatory double standards gall me.

Regulatory double standards gall me.

Posted by on Nov 6, 2014 in Marc's Blog

I represent brokers in regulatory matters.  It always amazes me at the lengths to which a regulator might go to get a result that could be spun in their favor.  I have also dealt with reasonable regulators who take all […]

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