Shame on NASD! Double Standards
Well, bless those good regulator folks at NASD --- seems that once again the concept of fairplay escapes them. Did you know that five individuals won upset elections this year running as contested candidates against the NASD nomninated candidates? More to the point, did you know that a slate of dissident Florida candidates just swept the District 7 election? Funny, seems the NASD doesn't like the results and would just as soon bury the disclosure under a stealthy press release. You read the damn thing and tell me if you could figure out that the dissidents won.
I've learned a long time ago that many folks and firms with checkered reputations are victims of regulatory politics, and many folks and firms without such checkered reputations are the recipients of largesse often derived from the "power" of their firms and positions.
It's always the same story on Wall Street. One set of rules and standards for the big boys, and another set for the little guy. It's just a bit surprising to see such a vocal advocate as you fall for that obvious trap.
It's not just on Wall Street. This happens everywhere. Those with (more) money buy "status" and "justice". Those without are made scapegoats.
It is amazing that joe, Malcolm, mikebutler, etc... don't understand this. It is amazing that all of America didn't clearly understand this after the O.J. Simpson trial.
This is just more of what a lot of Americans, brokers, and revolutionaries have known for a long time. Unfortunately some folks still don't get it.