FINRA Rights REIT Wrongs With Fine and Suspension (BrokeAndBroker.com Blog)
Bill Singer
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Bill Singer
A critic of the inept and incompetent, and an advocate for economic and political sanity. It's a lonely journey but I walk it. Wall Street legal, regulatory, and compliance veteran since 1982.
FINRA Rights REIT Wrongs With Fine and Suspension?(BrokeAndBroker.com Blog)
https://www.brokeandbroker.com/6397/finra-reit-passero
In today's blog we are left wondering. FINRA makes an exceptionally strong regulatory case against a former Morgan Stanley registered representative, who is charged with multiple violations. All in all, it's not a pretty picture that FINRA paints. It's the strength of FINRA's case that may raise an eyebrow or two when you learn that the rep was not barred from the industry. Of course a three-month suspension isn't a light slap on the wrist. Still -- you read the allegations and see what you think.