Browsing Category "Uncategorized"

SEC suit raises disclosure questions for breakaway reps – Investment News

SEC suit raises disclosure questions for breakaway reps – Investment News

Posted by on Nov 1, 2010 in Uncategorized

Investment News discusses a recent SEC action against an investment adviser who left a wirehouse and formed his own RIA. Many brokers are viewing RIA business as a magic bullet to solve their increasing unhappiness with the wirehouse life. I […]

Readmore

FINRA washes out broker’s mouth with soap and a suspension.

FINRA washes out broker’s mouth with soap and a suspension.

Posted by on Oct 27, 2010 in Uncategorized

OK, so remember when your mother was allowed to wash out your mouth with soap for using “dirty” words? (Now I think it counts as child abuse.) I do. There is at least one person who does not. In a […]

Readmore

And now for something fairly different – Sesame Street

And now for something fairly different – Sesame Street

Posted by on Oct 18, 2010 in Uncategorized

I did not watch Sesame Street when I was a kid. I think I was just too old. But I love the Muppets, in part because their humor can be enjoyed on many levels. This clip popped up in something […]

Readmore

SunTrust Investment Services Disciplined for Unit Investment Trust Activities.

SunTrust Investment Services Disciplined for Unit Investment Trust Activities.

Posted by on Oct 11, 2010 in Uncategorized

SunTrust Investment Services brokers, as I understand it, sit in banks. They wait for bank clients to come in and try to sell them securities. Generally, these clients are not experienced investors who are seeking out a stockbroker, active trading […]

Readmore

A good use for an iPhone with a broken screen – space adventurer!

A good use for an iPhone with a broken screen – space adventurer!

Posted by on Oct 7, 2010 in Uncategorized

This is pretty far off-topic, but I have to admit that this is a good use of an iPhone. A father and his young son sent an iPhone with a broken screen into space tethered to a weather balloon. This […]

Readmore

Marc S. Dobin, author of Lawyers Are From Jupiter, featured in Law Technology News.

Marc S. Dobin, author of Lawyers Are From Jupiter, featured in Law Technology News.

Posted by on Sep 7, 2010 in Uncategorized

Those of you who know me, know that it is hard for me to keep my mouth shut. Sometimes this is a detriment. I recently wrote to the editor of Law Technology News, Monica Bay, concerning my opinion about Thomson […]

Readmore

Small Broker/Dealer faces closure as FINRA tightens the noose.

Small Broker/Dealer faces closure as FINRA tightens the noose.

Posted by on Aug 31, 2010 in Uncategorized

Investment News reports that a small California broker-dealer, Pyramid Securities, has been told by FINRA to close its doors for net capital violations. This is a result of a securities arbitration award against the firm in the amount of $339,000. […]

Readmore

Google adds telephone calls to Gmail and Gmail Voice

Google adds telephone calls to Gmail and Gmail Voice

Posted by on Aug 25, 2010 in Uncategorized

I love technology. It usually makes my life easy. I love saving money. I love technology that helps me save money. And I must add that I am a big Google fan. I have a Gmail account. I have a […]

Readmore

Citigroup executives get a slap on the wrist – Brokers get a punch in the face.

Citigroup executives get a slap on the wrist – Brokers get a punch in the face.

Posted by on Aug 2, 2010 in Uncategorized

There are times when I just wonder where the justice is. I represent, and have represented, former Citigroup (Now Morgan Stanley Smith Barney)brokers in arbitration claims filed by the firm seeking recovery of promissory note money. Citigroup isn’t alleging that […]

Readmore

The fat lady is singing – Jesup & Lamont, Inc. files for bankruptcy.

The fat lady is singing – Jesup & Lamont, Inc. files for bankruptcy.

Posted by on Jul 30, 2010 in Uncategorized

According to this website, Jesup & Lamont, Inc. filed for Chapter 11 bankruptcy protection today. Perhaps this phoenix will rise from the ashes, but I doubt it will do so under current management. A sixth grade lemonade stand might have […]

Readmore