The Blog Of The Securities Industry Professional Association

Broker Protection Reform Needed

Its time to protect the reps from theft  On a monthly basis it seems we read another story about how the owner of a B/D shut his doors, filed a BD withdrawal and then decided to keep last month’s entire production and not pay out their brokers.  In a recent case a Firm owner from […]
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When Merrill Lynch Speaks. The D.A. Listens

mediocre stockbroker duped Wall Street titan Merrill Lynch into believing he was a portfolio powerhouse -- deserving of a $780,000 loan his first day on the job -- then used the dough to buy a Ferrari and split, prosecutors said yesterday.
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