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. […]
Browsing Category "Marc’s Blog"
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 […]
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 […]
Suleman Din at On Wall Street reports that an Ameriprise broker, David Tysk, managed to keep his career, and his job, even though he was found to have committed a “capital” offense. According to the FINRA Hearing Panel decision, Mr. Tysk […]
A single AAA arbitrator denied all claims for relief against Fonu2, Inc., a publicly-held company headquartered in Fort Lauderdale, Florida. Summit Trading, Ltd., a Bahamian company owned by the Weast Family Trust, filed an arbitration related to a Consulting Agreement entered into […]