Bill Singer Submits Rare FINRA Comment http://www.brokeandbroker.com/3487/finra-comment-singer/

On May 30, 2017, Bill Singer, Esq., the publisher of the BrokeAndBroker.com Blog, submitted a comment in response to the March 21, 2017, Financial Industry Regulatory Authority ("FINRA") "Special Notice: Engagement Initiative / FINRA Requests Comment on Potential Enhancement to Certain Engagement Programs / Comment Period Expires May 5, 2017." Bill rarely submits formal comments to any Wall Street regulator, so this is an unusual occurrence. For a sense of what Bill has to say and the depths of his frustration with FINRA, consider this extract:

Two fighters enter the ring but only one will leave the winner. That's how it goes . . . except. Except sometimes it's a tie or both are disqualified or both get TKO'd or both get knocked out or the lights go out and they stop the bout with no winner or loser. Similar thing recently happened at a recent FINRA intra-industry arbitration. The former employer firm sued the crap out of its two former employees. Pretty nasty allegations with lots of bucks being sought. The former employees were not simply going to back up and throw soft jabs. No, the respondents counter-claimed, which is the arbitration version of counter-punching. By the time the final bell rang, it was a bloody mess. Which reminded BrokeAndBroker.com Blog publisher Bill Singer of roulette and the hit song "Wipe Out." Which reminded Bill of Zero and Double Zero and of the Surfaris and the Ventures. Which prompted Bill to offer what he thinks was a brilliant comment on the the FINRA Arbitration. Which, when you read it, you may not quite see whatever brilliance Bill saw. All of which may remind you that Bill has a tendency to consume far too much coffee early in the morning when he edits the final version of each day's blog. READ http://www.brokeandbroker.com/3486/finra-wipe-out/