FBI "Top Ten" List Celebrates Anniversary -- plus Suitability article

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Mar 17, 2010 6:35 am
  An irreverent Wall Street Blog
by Bill Singerhttp://www.brokeandbroker.com/index.php?a=blog&id=335

Twofer One Special: FBI "Top Ten" Anniversary and Suitability Story

Written: March 15, 2010

It all started decades ago when a United Press International reporter contacted the Federal Bureau of Investigation and asked for the names and descriptions of the“toughest guys” the FBI wanted to capture. In hopes the publicity would lead to arrests, the FBI listed the names of ten fugitives it considered to be the most potentially dangerous. On February 7, 1949, an article entitled: FBI's Most Wanted Fugitives appeared in The Washington Daily News. The story generated so much publicity and public appeal, FBI Director J. Edgar Hoover permanently implemented the FBI’s “Ten Most Wanted Fugitives” program a year later on March 14, 1950.  Of the 494 fugitives named to the list, 463—nearly 94 percent—have been captured or located.

The FBI has published a fascinating 66-page document detailing the history of the Top Ten list, and detailing some of the more famous manhunts and the stories behind the fugitives' captures. The story begins with some interesting insights as to how the FBI locates and apprehends criminals.  However, the truly intriguing portions of the booklet are the detailed histories of some famous criminals who earned a spot on the infamous list.

Visit this link to see the entire document:
http://www.fbi.gov/publications/ten_most_wanted_60th_anniversary.pdf

In my March 2010 Street Legal column at Registered Rep. magazine, I discuss the state of regulation concerning suitability.  If a customer tells you that he wants to double his money, that's not a green light to pile on the risk. If you recommend investments inconsistent with the financial situation and background of your client, expect a knock on your door from a plaintiff's lawyer or a regulator — and expect an earful about suitability.

TO READ THE FULL ARTICLE AND OTHER "STREET LEGAL" COLUMNS, VISIT

http://www.rrbdlaw.com/Pressroom/index.html#StreetLegal

http://registeredrep.com/advisorland/regulatory/finance_getting_suitability/

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