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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (34184)5/22/2000 12:27:00 PM
From: Earlie  Respond to of 42523
 
JJ:

I monitor this stuff fairly closely and its not just class action shenanigans that are clogging up the courts.

I've been warning my broker friends that when this bubble breaks they will be overwhelmed by legal actions from all those erstwhile clients and indeed it is starting to happen. Many of the brokers I know have already been sued, based of course on the "know-your-client" regs. The brokers rarely win, irrespective of circumstances.

Best, Earlie