Actually I am not and I have just printed and read
Post# of 5066
Posted On: 10/02/2013 2:02:22 PM
Re: patientgal #3632
Actually I am not and I have just printed and read the FINRA file and have a few observations:
1. All the junk in there was from 12-15 years ago or more (a diffferent Life)
2. The customer complaint stuff is totally normal and you will find that in any and all broker reports for the most part.
3. The various customer settlements are typical as they cost less than litigation, even if they are right and I see this more often than not.
4. of the 7 customer complaints, he and his firm won 2 and settled the other 5...again the settlement cost was less than the legal costs and thats how the business works.
5. The NYSE ban was for alleged unauthorized or unsutiable trading in a customer's account (note that it is clear that it related to a single customer. He did not steal from them or use customer funds for his own benefit,,,,although one could make an argument that he generated extra commisions that turned into extra payroll for him.
He was reinstated after that sensure period expired and had an active license until 2008. NOT ONE OF THE CASES, COMPLAINTS OR ACTIONS HAPPENED AFTER THE NYSE!!!! (clean as a whistle). His record since then (2000) is fully clean. Some people can learn lessons and this tells me he he did!
I am sorry that you ahve inferred as much as you ahve from this report in its entirety. Again, I know many that have had regulatory bans, fines, settlements, etc. and have bounced back...it is very very par for the brokerage industry. I even know some that got bans and did nothing wrong!
for your own sake and mental well being, I plead with you not to hang your hat on KOOS's integrity based on this....I have no issue with it whatsoever, but again, I have over 20 years of professional experience with this stuff.
BRING BACK THAT LOVING FEELING??????
1. All the junk in there was from 12-15 years ago or more (a diffferent Life)
2. The customer complaint stuff is totally normal and you will find that in any and all broker reports for the most part.
3. The various customer settlements are typical as they cost less than litigation, even if they are right and I see this more often than not.
4. of the 7 customer complaints, he and his firm won 2 and settled the other 5...again the settlement cost was less than the legal costs and thats how the business works.
5. The NYSE ban was for alleged unauthorized or unsutiable trading in a customer's account (note that it is clear that it related to a single customer. He did not steal from them or use customer funds for his own benefit,,,,although one could make an argument that he generated extra commisions that turned into extra payroll for him.
He was reinstated after that sensure period expired and had an active license until 2008. NOT ONE OF THE CASES, COMPLAINTS OR ACTIONS HAPPENED AFTER THE NYSE!!!! (clean as a whistle). His record since then (2000) is fully clean. Some people can learn lessons and this tells me he he did!
I am sorry that you ahve inferred as much as you ahve from this report in its entirety. Again, I know many that have had regulatory bans, fines, settlements, etc. and have bounced back...it is very very par for the brokerage industry. I even know some that got bans and did nothing wrong!
for your own sake and mental well being, I plead with you not to hang your hat on KOOS's integrity based on this....I have no issue with it whatsoever, but again, I have over 20 years of professional experience with this stuff.
BRING BACK THAT LOVING FEELING??????
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