The SIPA

A small firm seat on FINRA’s Board of Governors will be up for election soon and the petition process has begun.  The nominating committee chose to nominate W. Dennis Ferguon for the mid sized seat and some guy named Seth Waugh of Deustche Bank.  We have no idea who Seth is but we have known […]

  IPO could become one of the greatest scams  Today is the day we all have all been told we are waiting for: The Facebook IPO!  Investors around the world will line up to get shares of the social media giant in the aftermarket and will no doubt see dollar signs in their eyes. The […]

A Significant loss stirs the membership Recently FINRA announced to members a proposal for increased fees as well as a ‘significant loss’ for fiscal year 2011.  For many years FINRA has largely operated behind the wizard of Oz curtains and has told members what they felt they needed to hear rather then open the curtains […]