I was quoted in a recent article on Dow Jones Wealth Adviser about whether or not a broker should apologize. My answer, just like one might expect from a lawyer, “It depends.” If you’re sorry you’re late returning a call, [...]
There is now apparently a difference between taking customer information and taking too much customer information. Since I joined the securities business in 1983, brokers have moved from one firm to another with varying levels of difficulty and information. In [...]
I haven’t been to it in four years. Not much has changed, other than somehow we have all gotten older. I am going to try something new, tweeting from the conference. You can follow me here. I am hoping it [...]
Unfortunately, many brokers treat the form U-4 as a necessary evil. Many view it as a form that stands between them and registration. Of course, the regulators view the form as an opportunity to examine a broker’s background. And the [...]
It’s interesting how the securities business goes in cycles. Over 20 years ago, my former employer Prudential Securities (now Wells Fargo Advisors) had problems with limited partnerships. At the time, the Prudential Securities name became synonymous with limited partnership sales, [...]
In May of last year, the State of Florida amended its registration rules regarding the criminal histories of stockbroker applicants. The amendment assigns year values for specified crimes. Those year values then disqualify an applicant according to its terms. For [...]
I am outraged. It’s no secret that I’m not a big fan of Securities America, the hapless offspring of American Express Financial Services (now Ameriprise). In fact, I’m kind of embarrassed that I own Ameriprise stock, if for the only [...]
To anyone with a pulse and half a brain, this should come as no surprise. Jesup & Lamont Securities Corp., the poorly-run broker-dealer that swallowed up other broker-dealers, has filed for bankruptcy protection under Chapter 11. Using Chapter 11, the [...]
FINRA registered representatives have faced public disclosure for quite a while. In fact, public disclosure, including time before it was on the web, has been around for close to 20 years I think. Initially, a request was made in writing [...]
500 University Boulevard, Suite 205, Jupiter, Florida 33458
T: 561.575.5880 F: 561.246.3003 E-mail: WebSite@Dobinlaw.com
Copyright © Jupiter, Palm Beach County, Florida Attorneys Dobin Law Group, P.A. Photo Credit - N. Scopelitis