TerryJ2
Well-Known Member
I won the FINRA case!
husband said he knew I would, it was just a matter of how much $.
Very little, as it turns out.
But my point was more to put a permanent mark on the broker's record, which it does.
Unfortunately, FINRA closed down the main brokerage last yr, so the Head Honcho declared bankruptcy and dropped out for the time being. He is on Permanent Hold.
The middle broker, as I call him, negotiatied a settlement with-me on behalf of P. I should get a check in a few wks.
The low guy on the totem pole, the new guy hired out of college who actually filled out the paperwork, is the one I went head-to-head with. I almost settled out of court with-him, but when I showed an atty friend the agreement, he said it was too binding, and reminded me that I'd only seen a 2-yr-old tax statement, not a recent statement, and never saw the income balance sheet.
So I told them I needed those things and they balked (he and his atty). My atty/friend sent them a ltr demanding $18,000 (or maybe it was $24,000). Doesn't matter. He didn't consult me and I knew they wouldn't pay that much. I was thinking more like $8,000. Anyway, the broker and his atty got in a huff and went ahead to the FINRA hearing.
Except that the broker fired his atty the night b4 and decided to represent himself.
Big mistake.
Because I was better prepared, didn't concoct silly arguments like he did, and in short, I won.
I haven't told P yet. She wanted to go to the hearing but she was in a great deal of pain that week, and she is so forgetful, and so incontinent and always running to the bathroom, it would have been ridiculous to have her there. It was 8 hrs of intensely focused conversation, thinking, and paperwork review.
I mean, I can sit anywhere for 8 hrs, but I'll zone in and out. In something like this, you have to be "on" the entire time.
I was exhausted when I got home.
I sat at the computer and carbed out on cookies, chocolate and wine. Yeah, great for a migraine, eh?
So, hopefully, this broker's clients will look him up online b4 they choose him for their investments in the future, now that he's working somewhere else. I wonder if this will affect his current position?
husband said he knew I would, it was just a matter of how much $.
Very little, as it turns out.
But my point was more to put a permanent mark on the broker's record, which it does.
Unfortunately, FINRA closed down the main brokerage last yr, so the Head Honcho declared bankruptcy and dropped out for the time being. He is on Permanent Hold.
The middle broker, as I call him, negotiatied a settlement with-me on behalf of P. I should get a check in a few wks.
The low guy on the totem pole, the new guy hired out of college who actually filled out the paperwork, is the one I went head-to-head with. I almost settled out of court with-him, but when I showed an atty friend the agreement, he said it was too binding, and reminded me that I'd only seen a 2-yr-old tax statement, not a recent statement, and never saw the income balance sheet.
So I told them I needed those things and they balked (he and his atty). My atty/friend sent them a ltr demanding $18,000 (or maybe it was $24,000). Doesn't matter. He didn't consult me and I knew they wouldn't pay that much. I was thinking more like $8,000. Anyway, the broker and his atty got in a huff and went ahead to the FINRA hearing.
Except that the broker fired his atty the night b4 and decided to represent himself.
Big mistake.
Because I was better prepared, didn't concoct silly arguments like he did, and in short, I won.
I haven't told P yet. She wanted to go to the hearing but she was in a great deal of pain that week, and she is so forgetful, and so incontinent and always running to the bathroom, it would have been ridiculous to have her there. It was 8 hrs of intensely focused conversation, thinking, and paperwork review.
I mean, I can sit anywhere for 8 hrs, but I'll zone in and out. In something like this, you have to be "on" the entire time.
I was exhausted when I got home.
I sat at the computer and carbed out on cookies, chocolate and wine. Yeah, great for a migraine, eh?
So, hopefully, this broker's clients will look him up online b4 they choose him for their investments in the future, now that he's working somewhere else. I wonder if this will affect his current position?
