Browsing Category "Marc’s Blog"

Wells Fargo Advisors brokers “-” changing jobs? Your assets could be at risk.

Wells Fargo Advisors brokers “-” changing jobs? Your assets could be at risk.

Posted by on Sep 20, 2013 in Marc's Blog

Do you work at Wells Fargo? Do you have an employment agreement and promissory note? Are you (understandably) thinking about changing jobs? Well, then, you may have a problem if Wells Fargo believes you owe money on the note. I […]

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The All-Public FINRA Securities Arbitration Panel – is it any better?

The All-Public FINRA Securities Arbitration Panel – is it any better?

Posted by on Sep 6, 2013 in Marc's Blog

In February 2011, FINRA started allowing claimants to choose an all-public panel in securities arbitrations. I thought it was window-dressing. I did not think that the presence or absence of a non-public arbitrator would make a difference. In 2011, FINRA […]

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FINRA warns about marijuana stock scams.

FINRA warns about marijuana stock scams.

Posted by on Aug 21, 2013 in Marc's Blog

This should come as no surprise. A topic is in the news and scammers figure out a way to make a profit, sometimes faster than the actual industry that is the subject of the scam. In this case, FINRA is […]

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Not great news for Merrill Lynch brokers.

Not great news for Merrill Lynch brokers.

Posted by on Aug 19, 2013 in Marc's Blog

The rumor has been around for a while. Brokers were whispering that Bank of America doesn’t want to own the Merrill Lynch salesforce any more. That the cultures are too different. Well don’t get your hopes up, people. Bank of […]

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The latest cold caller, “Mark Sinclair”

The latest cold caller, “Mark Sinclair”

Posted by on Jul 29, 2013 in Marc's Blog

So, once again, a cold caller braved the telephone tree to call me. He said his name was “Mark Sinclair.” He told me he was calling from “Myers Associates.” I asked him how to spell the company’s name. He said […]

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Wells Fargo prevails in a promissory note case, or did they?

Wells Fargo prevails in a promissory note case, or did they?

Posted by on Jul 25, 2013 in Marc's Blog

Remember the case I was ranting about? The one where Wells Fargo’s lawyers billed for ridiculous tasks and ridiculous amounts of time. They can be found here and here. Well, the award came out. My client was ordered to pay […]

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Welcome to the party, Ken Abbas (real name Kumail Abbas) from C.K. Cooper & Co., Inc.

Welcome to the party, Ken Abbas (real name Kumail Abbas) from C.K. Cooper & Co., Inc.

Posted by on Jun 27, 2013 in securities, Securities Regulation, Stockbroker issues

Dear Ken Abbas – As promised, I am mentioning your name in my blog. Unlike you, I like to tell people the truth. You see, you told me that we spoke in October of last year. We never spoke and […]

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A farewell to a truly great guy, Boyd Page

A farewell to a truly great guy, Boyd Page

Posted by on Jun 20, 2013 in Marc's Blog

Before I was even a lawyer, I had heard of Boyd Page. Boyd had stepped into a case toward the very end and kicked our lawyer’s butt into the Gulf of Mexico. We later learned that, as to the central […]

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Further proof of the toothlessness of corporate billing policies.

Further proof of the toothlessness of corporate billing policies.

Posted by on May 22, 2013 in arbitration, securities, Stockbroker issues

We are continuing to analyze Wells Fargo’s counsel’s bills. Aside from identical billing entries for both identical or differing amounts, it seems that the firm may have figured out a way to recoup its investment, then waste it, on electronic […]

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Florida Supreme Court rules – Statute of Limitations Applies to Securities Arbitration

Florida Supreme Court rules – Statute of Limitations Applies to Securities Arbitration

Posted by on May 21, 2013 in Marc's Blog

The application of a limitations period in arbitration has always been a source of controversy. FINRA has its famous “six year rule.” But other than that, there didn’t seem to be much order when it came to applying a time […]

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