lionline
Registered: Jun 2011
Posts: 57 |
07-09-12 02:45 PM
Quote from freedinner:
Outrageous story.
The facts behind the case between Merrill and the customer are not mentioned here, however it must have been quite obvious for the FINRA arbitrators as their decision overwhelmingly went in favor of the customer, while Merrill apparently saw no possibility to win an appeal. Instead, they worked behind the scenes to stick it to the arbitrators later.
Two other sordid details of the case: The customer committed suicide before the final verdict, probably because Merrill gambled away or stole his life savings. And one of the fired arbitrators now has started a whistleblower suit over FINRA practices, to be decided by the SEC, whose current head Mary Schapiro left her prior post as head of FINRA with an 8 million bonus...
http://www.bloomberg.com/news/2012-...rike-again.html
And how is this outrageous?
you wrote:
The facts behind the case between Merrill and the customer are not mentioned here, however it must have been quite obvious for the FINRA arbitrators as their decision overwhelmingly went in favor of the customer
so you do not know the facts and you think its quite obvious that arbitraters went overwhelmingly in favor of the customer that they were right.
so what if you hear of a case and the judge ordered a death penaltly and was later removed from his post
and there was no *details* of the case and you would think an overwelming punishment means the guy deserved it?
fucking idiots judging shit without facts.
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