Wall Streets Dirty Little Secrets: Uncovered and Analyzed at RRBDLAW.com

Every month Wall Streets regulators issue disciplinary decisions that fine and suspend stockbrokers and their firms --- but many of the more interesting stories get buried among the sheer volume of cases. Nationally-known regulatory lawyer Bill Singer analyzes the securities industrys docket and provides insight and provocative commentary. Here are some of the more unusual NASD items Bill uncovered at RRBDLAW.com this month

New York, NY (PRWEB) February 28, 2005 -- Every month Wall Streets regulators issue disciplinary decisions that fine and suspend stockbrokers and their firms --- but many of the more interesting stories get buried among the sheer volume of cases. Nationally-known regulatory lawyer Bill Singer analyzes the securities industrys docket and provides insight and provocative commentary.

Here are some of the more unusual NASD items Bill uncovered at RRBDLAW.com this month:
•Hey, its not like the customer is going to complain.
A broker sold call options in his clients account --- despite knowing that the customer had previously died. (Silberman)

•Why even bother studying for the test?
A wannabe stockbroker apparently failed her Series 7 examination to qualify as a registered representative, but falsifies the results in an effort to convince her firm that she had passed. (Raymond)

•One way to balance the checkbook and pick up frequent flyer mileage.
Another enterprising Wall Streeter caused online payments to be made from a customers checking account into her credit card account. Not satisfied with paying those consumer debts, this individual also issued checks from the customer to her own business, and tossed in some forged signatures for good measure. (Boyce)

•See no evil, hear no evil, speak no evil . . . and whats the fourth one?
A brokerage firm assigned four consecutive supervisors to a broker who was apparently engaging in unsuitable trading in several accounts. Oddly, all four supervisors failed to take corrective action. (American Express Financial Advisors)

http://RRBDLAW.com is a leading securities-industry legal/regulatory website. The content is published by Bill Singer, a veteran Wall Street regulatory lawyer who represents both the industry and the public.

Contact Information:
Bill Singer
RRBDLAW.com
917-520-2836
http://www.rrbdlaw.com
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