Browsing Category "Marc’s Blog"

A rookie cold caller – Michael Valeri from Lampert Capital Markets, Inc.

A rookie cold caller – Michael Valeri from Lampert Capital Markets, Inc.

Posted by on Feb 24, 2014 in Marc's Blog

Mike Valeri from Lampert Capital Markets just called me.  He said we spoke a long time ago and that I said I already had too many brokers in New York. Of course, both of these are untrue statements.  First, Mike […]

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Make LinkedIn more useful for your practice.

Make LinkedIn more useful for your practice.

Posted by on Feb 19, 2014 in Marc's Blog

I know, I know. Where is the curmudgeon? He’s taking a rest. Actually, I’m not that much of a curmudgeon, it’s just that stuff has put me in a bad mood lately. But tonight I will be a speaker at […]

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Lloyds Commodities principals ordered to pay fines and restitution.

Lloyds Commodities principals ordered to pay fines and restitution.

Posted by on Feb 7, 2014 in Marc's Blog

When we reopened Dobin Law Group in 2010 (then known as Marc S. Dobin, P.A.), we moved into an office suite setup in Jupiter. There were prior tenants in the space. One of the prior tenants was Lloyds Commodities. These […]

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FINRA Securities Arbitration statistics remain unchanged for 2013

FINRA Securities Arbitration statistics remain unchanged for 2013

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

I wrote last month that it was not looking good for the folks who advocate for an all-public arbitration panel.  But I knew I had to wait until the publication of the year-end figures to be sure.  And now I’m […]

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Port St. Lucie broker pleads guilty for stealing from clients.

Port St. Lucie broker pleads guilty for stealing from clients.

Posted by on Jan 31, 2014 in Marc's Blog

The Palm Beach Post reports that Paul Elvidge, a broker formerly with Seacoast Investor Services and Cape Securities, pleaded guilty on embezzlement charges in Federal Court.  He reportedly stole over $1 million dollars. First thing I noticed when I went to […]

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FINRA arbitrator removed from panel for salty language.

FINRA arbitrator removed from panel for salty language.

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

I’ve seen impatience.  I’ve seen incompetence.  I’ve seen boredom.  And, yes, I’ve seen arbitrators who have fallen asleep.  But a couple of weeks ago, in a FINRA securities arbitration, I witnessed something unlike I had ever seen. I was supposed […]

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Welcome to Anthony Aiello at Laidlaw & Company (UK) Ltd, the latest cold call cowboy.

Welcome to Anthony Aiello at Laidlaw & Company (UK) Ltd, the latest cold call cowboy.

Posted by on Jan 16, 2014 in securities, Stockbroker issues

Today’s entrant in the cold caller race is Anthony Aiello.  Anthony hails from New York, of course, and works for Laidlaw & Company. Anthony tried to remind me of a phone call we had “last April” where he supposedly gave […]

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PIABA shows its true colors, but is unsure what those colors are.

PIABA shows its true colors, but is unsure what those colors are.

Posted by on Jan 8, 2014 in Marc's Blog

Remember PIABA? This is the organization that was formed about 20 years ago.  Its genesis was getting a bunch of claimants’ lawyers together to take on the brokerage firms which, at the time, were fighting limited partnership cases tooth and nail. […]

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The All Public FINRA Arbitration Panel Made No Difference This Year.

The All Public FINRA Arbitration Panel Made No Difference This Year.

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

FINRA has released its statistics through November 2013.  Surprise!  The results are not statistically different.  You can see the table here.  You have to go all the way to the bottom.  FINRA buries this comparison there. In November of last year […]

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Brokerage firm learns a lesson about stubbornness in arbitration.

Brokerage firm learns a lesson about stubbornness in arbitration.

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

A client approached us last year. He had retired from an independent-style brokerage firm and sold his book of business to another broker. He had signed a “Continuing commission” agreement with the broker and the firm. He was was supposed […]

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