Browsing Category "securities"

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 […]

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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 […]

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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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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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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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Corporate Billing Policies – Proof They are a Joke.

Corporate Billing Policies – Proof They are a Joke.

Posted by on May 20, 2013 in arbitration, securities

Within the last 20 years, corporate billing policies have become much more prevalent. This was a result, in my opinion, of lawyers and law firms becoming pigs and billing for ridiculous things and outrageous amounts. Most law firms, chastened by […]

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Things I learned at an arbitration with Wells Fargo Advisors last week.

Things I learned at an arbitration with Wells Fargo Advisors last week.

Posted by on May 15, 2013 in arbitration, securities, Stockbroker issues

As you might know, I handle a lot of securities arbitrations. I usually end up learning a thing or two during the course of the arbitration. I thought I’d share some things with you. 1 – Wells Fargo Advisors does […]

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The Market Crashed 25 Years Ago Today.  Where Were You?

The Market Crashed 25 Years Ago Today. Where Were You?

Posted by on Oct 19, 2012 in Marc's Blog, securities, Stockbroker issues

Onwallstreet Magazine has created a slideshow addressing the numbers of the 1987 crash. It’s pretty interesting. I know a broker who actually signed his FA Training Agreement on that day. I was working at a mid-size firm in Princeton, New […]

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FINRA allows for special procedures for big cases.

FINRA allows for special procedures for big cases.

Posted by on Jul 6, 2012 in arbitration, FINRA, securities

FINRA announced this week the establishment of a pilot program for cases involving $10 million dollars or more. If your claim is $9.5 million, you’re not out of luck. The “pilot program” is available to any case, but they are […]

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SIFMA Compliance & Legal Society Annual Conference Starts Tonight

SIFMA Compliance & Legal Society Annual Conference Starts Tonight

Posted by on Mar 18, 2012 in securities, Securities Regulation, Stockbroker issues

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 […]

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