Browsing Category "Marc’s Blog"

Coastal Equities Cold Calls Again. Welcome Back.

Coastal Equities Cold Calls Again. Welcome Back.

Posted by on Jun 25, 2014 in Cold callers, Cold Callers, Marc's Blog

A New York number rang up. It was “Clark” from Coastal Equities. Coastal Equities has called me before and I’ve asked them to not call me again. I asked “Clark” for his last name. He told me it was “Pennington”. […]

Readmore

Dobin Law Group interviewed on VOIP use.

Dobin Law Group interviewed on VOIP use.

Posted by on May 8, 2014 in Law office technology

Well, it didn’t involve lights and cameras, more like an informative email exchange. Our VOIP provider, OnSip, asked me a few questions and turned it into a blog post here. I did receive my first web- based call yesterday. It […]

Readmore

SEC stops pension administrator but 22 million dollars are missing.

SEC stops pension administrator but 22 million dollars are missing.

Posted by on Apr 30, 2014 in Marc's Blog

This makes me angry and sad at the same time.  The SEC announced that it has shut down American Pension Services, a pension administrator in Utah. The principal of APS was investing customer money in stuff that he shouldn’t have.  These […]

Readmore

A Cold Caller Follows the Rules. News at 11.

A Cold Caller Follows the Rules. News at 11.

Posted by on Apr 28, 2014 in Cold callers, Marc's Blog

I received a call from Steve at Coastal Equities.  It was a New York number.  I was so shocked that he was polite that I forgot to get his last name. He started into his script about “investment-grade” and I […]

Readmore

My job was crappy this week.  Literally.

My job was crappy this week. Literally.

Posted by on Apr 18, 2014 in Marc's Blog

I have had a variety of things left on my doorstep over the course of my career.  But Monday’s “present” took the cake.  (Maybe that’s a bad expression in this case). I was minding my own business when a client […]

Readmore

FINRA Dispute Resolution Statistics Show No Advantage To All-Public Panel

FINRA Dispute Resolution Statistics Show No Advantage To All-Public Panel

Posted by on Apr 9, 2014 in arbitration, FINRA, securities

I keep waiting to be wrong.  In fact, there are many instances where I am wrong.  But I don’t think I am in this instance. FINRA has released its latest arbitration statistics and the hand-wringing and stat-twisting from the Claimants’ bar will […]

Readmore

Reflecting on Three Mile Island – 35 years later.

Reflecting on Three Mile Island – 35 years later.

Posted by on Apr 3, 2014 in Marc's Blog

I was in my second semester as a freshman at Franklin & Marshall College in Lancaster, PA.  We had returned from Spring Break on Sunday.  We started hearing about environmental issues on the radio starting around Wednesday.  Then we found out […]

Readmore

SEC files insider trading charges involving Post-it note eating.

SEC files insider trading charges involving Post-it note eating.

Posted by on Mar 19, 2014 in Fraud, Securities Regulation

OK, here’s a tip.  If you feel compelled to eat Post-it notes or napkins because you don’t want someone to know what you’re doing, your conduct is probably bad.  Apparently, the “middleman” in this insider trading scheme didn’t see anything […]

Readmore

Microcap fraudster stopped by SEC

Microcap fraudster stopped by SEC

Posted by on Mar 18, 2014 in Marc's Blog, securities, Securities Regulation

Are people really this stupid?  Really.  Are they this stupid?  This removes my faith in humanity. A guy holds a large position in a thinly traded penny stock.  He uses nominees offshore to do it.  He then sends an email […]

Readmore

Wells Fargo Advisors, LLC pays money in two promissory note cases.

Wells Fargo Advisors, LLC pays money in two promissory note cases.

Posted by on Mar 3, 2014 in Marc's Blog

This is a bit of “man bites dog” news.  The overwhelming majority of promissory note arbitration cases filed by brokerage firms result in awards to the firms.  This does not account for settlements, which may or may not be for […]

Readmore