Parisian Family Office, CEO. Started Wall Street, '82. Drexel Burnham alum. Founded Chippewa Partners, Native American Advisors, '95. Chippewa, raised on reservations. Conservative. NYSE/FINRA arb. Pureblood. Independent insight. Trading in a world on a social media dopamine binge, from GHOST RANCH on the Yellowstone River in MT, TN estate, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Play by my rules. Always been, will always be, an optimist.
Wednesday, August 03, 2005
Amazing fleecing.........
The esteemed stockbrokers at Morgan Stanley were fined $6.1 million simply because the NASD, for which I was an arbitrator for about a decade (before the SEC abolished Registered Investment Advisors such as Chippewa Partners, of which I am Chairman, from being arbitrators due to our extremely unbiased opinions as to who the guilty parties are) found that 2,062 customers generated $2.8 million in fees for ZERO trading in their accounts. The public, in sheeps clothing, can't see the wolves behind all the slick advertising and Wall Street hype and hyperbole. Broker hubris is alive and well. Scary.
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