Xerxes is back!

So some of you who have been members for a long time may remember this guy and his firm where they make first years stand all day, and they pump Rocky music in the hallways

Seems he's in the news again.

I can't find the original posts, but i know someone made a great picture of him

Granted it's in the NY Post, but still...

http://www.nypost.com/p/news/business/finra_charges_fraud_street_intimi…

 
Customers were less fortunate. Out of the 15 sell orders JFT received that day for AWSR, only one was executed, Finra said. The company filed for bankruptcy earlier this year, rendering customers’ investments “virtually worthless,” the complaint read.

Textbook definition of "bucketing" trades, hence a complete bucket shop (as if anyone had any doubt). Somebody needs to clue these jokers in that it isn't 1994 any more.

 
Edmundo Braverman:
Customers were less fortunate. Out of the 15 sell orders JFT received that day for AWSR, only one was executed, Finra said. The company filed for bankruptcy earlier this year, rendering customers’ investments “virtually worthless,” the complaint read.

Textbook definition of "bucketing" trades, hence a complete bucket shop (as if anyone had any doubt). Somebody needs to clue these jokers in that it isn't 1994 any more.

It's 2013 if anyone wanted clarification.

 

The executive list of that place reads like next season's cast of characters on the Jersey Shore. I'm surprised their website's cover photo isn't everyone wearing gini tees in some boardroom making muscles

 

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