Merrill Lynch pays $40 million to Cabletron co-founder after broker allegedly churned account

Discussion in 'Wall St. News' started by Banjo, Jul 19, 2019.

  1. Banjo


  2. zdreg


    It is incredible that compliance/branch manager didn't flag this account, or perhaps not.
    How is it possible to happen nowadays?
    wrbtrader likes this.
  3. wrbtrader


    I would like to know if the broker (Charles Kenahan) was churning his account via day trading, swing trading, chasing IPOs or what ?

    Also, when he was fired...did he get severance pay, stocks, unsuitable investments or what and when to be specific ?