Thanks for the refresher WhiteNOC. What frost my azz is the measly amount NevWest had to pay. They were a registered broker and had to post mandatory bonds and have insurance.
The bonds funds should have been seized, or what ever the proper protocol is with that, and their insurance company should have been tapped for many millions of $$$$. I understand that their insurance company may have denied any claims because NevWest broke the law, which would invalidate their insurance policy, but this was blatant theft.
Not sure how these systems work in the US, but companies who break the public trust in this way should have to pay dearly.
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