Wachovia Wins Promissory Note / Bonus Retention Arbitration in Market-Timing Case
Wachovia Wins Promissory Note / Bonus Retention Arbitration in Market-Timing Casehttp://www.brokeandbroker.com/index.php?a=blog&id=582
This one's a bit messy. For starters, it sort of begins, way back when, with a Securities and Exchange Commission (SEC) investigation into the market timing of mutual fund shares. Then the former A.G. Edwards broker who was caught up in that SEC case was fired. Then Wachovia (the successor to A.G. Edwards) comes after him for failure to repay a promissory note/bonus retention. And, for good measure, the broker counterclaims for $1 million and an expungement.
Okay -- ya got all of that? Really??
READ BILL SINGER'S COMPREHENSIVE ANALYSIS OF THIS CASE AT: