InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,618.26
(
-0.29%
)
US TECH 100
18,915.96
(
-0.12%
)
Dow Jones
41,503.10
(
-0.25%
)
Brent Oil
72.48
(
-1.15%
)
Bitcoin
60,159.01
(
-0.23%
)
Post# of 159753
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

ctrumabll

Send PM Follow Ignore
Followers 67
Posts 11990
Boards Moderated 1
Alias Born 06/15/2009

ctrumabll

Re: nwsun post# 156723

Monday, 10/13/2014 11:07:16 AM

Monday, October 13, 2014 11:07:16 AM

Post# of 159753
Do they get a commission for accepting and depositing unregistered stock? I would think the enticement to do what they were busted for has to be the money above any in/out transaction fees.

In the etrade case, greed, stupidity, or not knowing the regulations are all possibilities.

On the extremely sleazy end of the brokerage world, there are some brokers who specialize in unloading "problem stock" (read: stock in penny scams). Here is an example of one who got caught:

http://disciplinaryactions.finra.org/viewdocument.aspx?DocNB=33877
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up