Skip navigation

Typical Wirehouse Scam

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jul 31, 2008 12:28 am

Ex-Wachovia Broker Barred, Gets $2.2M Fine

Bond Buyer

By Lynn Hume

July 29, 2008





Guy P. Riordan, a broker with First Union Securities and Wachovia Securities LLC in Albuquerque who retired in 2007, has been barred from the securities industry and ordered to pay or disgorge a total of $2.2 million for giving cash kickbacks to former New Mexico Treasurer Michael Montoya in return for obtaining state investment business from 1999 through 2002.

Jul 31, 2008 12:48 am

…they barred me after I retired…

  I suppose he did cry about the 2.2 mil, though...that probably threw a wrench in his retirement plans...
Aug 3, 2008 3:55 am

That’s what jails are for.  And nobody wants those guys out of the business more than other wirehouse FA’s.

Aug 6, 2008 12:17 am

that’s the guy they caught.