Courtesy of Larry Doyle.
Information is everything.
The other day a reader left a comment with the following inquiry:
I would love to join any other advisors who have issues with FINRA. I am a former CPA.PFS financial advisor with Morgan Stanley. I too went through a long and expensive FINRA process.
In addition, we filed two whistle blower cases to expose MSSB’s unfair and unethical business practices. The difference, we have over thirty thousand pages of material collected in our case, including some damning e-mails. It is time that someone stood up to these firms who apparently believe that because they have unlimited access to shareholder money, they can always get their way. Let’s come up with some ideas on how to use the legal system if we can, and social media if we cannot, to educate the public on this travesty of a business model. One that cannot even tell its’ own clients that it will “act in their best interest.”
Any takers?
I am confident there are many takers, including those who have collaborated on a new magazine entitled Unsung Heroes: Truth, Support, and Free Speech for Financial Advisors:
It is a bi-monthly digital publication for financial advisors and a community forum for intelligent conversation about subjects that, until now, have rarely been covered. In addition to content that will help advisors make a secure, safe move, we will detail FINRA abuses and criminal acts as we shine a light into the dark corners of the industry. We will put honest, ethical and hardworking financial advisors — who have done no wrong — in the limelight.
Industry writers, reporters, and experts will bring you a series of revealing interviews that other publications are not brave enough to publish. Unsung Heroes will present opinion pieces, Point/Counterpoint articles, educational stories, and arbitration cases in detail. Resources and referrals will soon be available. We are also creating an emergency relief fund for advisors who are in need after losing in arbitration and facing bankruptcy.
There is certainly strength in numbers and in sharing information. I commend Sydney LeBlanc, editor-in-chief of Unsung Heroes, and the board members for this initiative. I welcome providing a link to the Premier Issue.
If you are an advisor and thinking about moving your practice or might be facing FINRA arbitration, this is an absolute must read. Even if you’re not thinking of moving or facing arbitration currently, knowledge is power and forewarned is forearmed. In the spirit of full disclosure, I am grateful that the producers of the magazine felt my book, In Bed with Wall Street, worthy of being highlighted on page 4.
Truth, support, free speech? Yes, with virtues such as those on the masthead, Unsung Heroes deserves and receives a special place in the Sense on Cents Hall of Fame.
Read it. Retain it. Share it.
Larry Doyle
Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.
