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BrokeAndBroker: Interesting SEC Appeal

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Feb 2, 2010 7:35 pm


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An irreverent Wall Street Blog
by Bill Singer

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An All Too Human Appeal

Written: February 2, 2010


It seems pretty cut and dry – just another stockbroker who gets into trouble and can’t get out.  In this New York Stock Exchange disciplinary action, Janet Gurley Katz, formerly a registered representative associated with Wachovia Securities, Inc. was found to have violated several customer rules and was permanently barred.  She appealed to the Securities and Exchange Commission, which pretty much sustained the sanctions.

But Bill Singer puts a twist on this one – and it may even tug at your heart.  No . . . you probably won’t wind up thinking that justice wasn’t done,  but it’s how you come away from this case that makes all the difference.




Feb 2, 2010 8:03 pm

On a personal level, that is depressing what happened to Katz family.

Feb 11, 2010 3:38 pm

I tried it. Its very informative.

Feb 16, 2010 8:40 pm

Wow… did her clients sustain a measurable loss due to her actions…? I would assume yes, but don’t recall seeing what damages were awarded as I know this was a hearing regarding her reinstatement…

I can’t imagine living in this woman’s shoes…in personal or business life.