http://www.brokeandbroker.com/An irreverent Wall Street Blog by Bill Singeren-usTue, 02 Jan 2024 16:04:13 ESTTue, 02 Jan 2024 16:04:13 ESTrrbdlaw@aol.com (Bill Singer)http://www.brokeandbroker.com/index.php?a=blog&id=7208FINRA Bars Its Arbitration Forum To TDA Customer Citing Unspecified Risks Of Health And Safety (BrokeAndBroker.com Blog)   Former Merrill Lynch Rep Stuck In FINRA Arbitration Expungement Turnstile (BrokeAndBroker.com Blog)   Financial Professionals Coalition, Ltd. JOIN TODAY -- FREE MEMBERSHIP DOJ Serial Fraudster Sentenced for Role in Multiple Investment Fraud Schemes (DOJ Release) Srinivasa Kakkera was Sentenced to 18 Months in Prison, and Abbas Saeedi was Sentenced to 5 Months in Prison, for Trading on Material, Non-public Information About Impending Corporate Transactions by Lumentum (SEC Release) Founder And Former CEO Of T...Tue, 02 Jan 2024 16:04:13 ESThttp://www.brokeandbroker.com/index.php?a=blog&id=7208http://www.brokeandbroker.com/index.php?a=blog&id=7209UPDATE: The SEC's Netflix/Reed Hastings Policy And @GaryGensler And @SECGov And The SIM Swap Hack (BrokeAndBroker.com Blog) Bill Singer Submits Online "Indication of Interest" to FINRA for Appointment to Board of Governors SEC's X Account Compromised Via Phone Number And Lack Of Two-Factor Authentication (BrokeAndBroker.com Blog) After a 26-Year Regulatory Nap, FINRA Discovers Firm's WSPs Are Inadequate (BrokeAndBroker.com Blog) FINRA Bars Its Arbitration Forum To TDA Customer Citing Unspecified Risks Of Health And Safety (BrokeAndBroker.com Blog) Former Merrill Lynch Rep Stuck In FINRA Arbitration Expungement Turnstile (BrokeAndBroker.com Blog) Report of Investigation on the Closing of 22-0030-I Reserve Bank Trading Activity (Office of Inspector General, Board of Governors o...Tue, 02 Jan 2024 16:04:13 ESThttp://www.brokeandbroker.com/index.php?a=blog&id=7209http://www.brokeandbroker.com/index.php?a=blog&id=7211 Before my second career as a lawyer, I was the third generation of my family in the wine and liquor industry. In 1981, I started law school; and in 1982, I was hired as a law student in Smith Barney, Harris & Upham's Legal Department. After I graduated law school, I was a regulatory lawyer with the American Stock Exchange and then with the NASD (now FINRA). After several years in regulation, I accepted the role of Counsel at Integrated Resources; and, thereafter, I entered the private practice of law. And that's how you create a 42-year career on Wall Street. What a long strange trip it’s been. In 1998, I launched my first website, the "Securities Industry Commentator." Those were the early days of the World Wide Web or Cyberspace -- an age of flying toasters and dial-up-phone...Tue, 02 Jan 2024 16:04:13 ESThttp://www.brokeandbroker.com/index.php?a=blog&id=7211http://www.brokeandbroker.com/index.php?a=blog&id=7212Before my second career as a lawyer, I was the third generation of my family in the wine and liquor industry. In 1981, I started law school; and in 1982, I was hired as a law student in Smith Barney, Harris & Upham's Legal Department. After I graduated law school, I was a regulatory lawyer with the American Stock Exchange and then with the NASD (now FINRA). After several years in regulation, I accepted the role of Counsel at Integrated Resources; and, thereafter, I entered the private practice of law. And that's how you create a 42-year career on Wall Street. What a long strange trip it’s been. In 1998, I launched my first website, the "Securities Industry Commentator." Those were the early days of the World Wide Web or Cyberspace -- an age of flying toasters and dial-up-phone-m...Tue, 02 Jan 2024 16:04:13 ESThttp://www.brokeandbroker.com/index.php?a=blog&id=7212http://www.brokeandbroker.com/index.php?a=blog&id=7213In a recent case on appeal to the SEC, it turns out that FINRA had accepted a former Merrill Lynch registered representative's Arbitration Statement of Claim and charged him for said filing. Then FINRA moved his case forward towards discovery and hearing dates. A FINRA arbitrator held an evidentiary hearing. About a week after the hearing, but before the arbitrator issued an award, a FINRA Case Administrator sent the Claimant-rep a letter denying use of the FINRA arbitration forum. The Claimant had entered FINRA's expungement turnstile but then was trapped inside it. The 2018 AWC For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority ("FINRA"), without admitting or denying the findings, prior to a regulatory hearing, and withou...Tue, 02 Jan 2024 16:04:13 ESThttp://www.brokeandbroker.com/index.php?a=blog&id=7213