Alan,
You said it better than I could. The article didn't even scratch the surface as to all the BS these regulators tried to put me through. Then, when they got pissed off after my Senator got involved--well, that was the best. They were absolutely incensed that I might "spoil their fun" by getting the Feds involved.
Just backs up my point. Bob Brinker is always talking about shark attacks, and justifyably so. The problem is, the people who are in charge of policing the "sharks" (read: the NASD), are too busy trying to go after honest guys like myself. You'd think they'd be going after all the churners and scam artists. They had investigators spend 6 months on their wild goose chase involving a dispute between myself and my former firm, yet at the same time, there were sharks out there fleecing innocent investors. Meanwhile, I begged them to investigate evidence that I had that several clients had been defrauded by this firm, yet they weren't interested in that. Then, when I showed them that it was my former employer that was in violation of NASD rules, and not myself, they did their best SNL's Emily Littella impersonation of "Nevermind." I am still pleading with them to investigate my ex-employer's NASD violations, some of which left investors cheated out of thousands of dollars, but they're not interested. They definately have their own agenda.
My only redemption is that Senator Breaux's intervention left them with egg on their faces.
Gary |
