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pan6467 · 12-21-2004, 07:52 PM

If a company breaks the law they should be punished to the full extent to which they broke the law.

When I took my stockbroker test I had to study and know the laws of the trade inside and out. You know going in, that the industry is highly regulated and highly watched because you deal with other people's money and in some cases life savings.

Edward D. had a pretty good rep. but they fucked up, broke the laws (they knew existed) and therefore I feel no pity towards them being fined and held accountable. EDJ was at one time, one of the more ethical companies, and very hard to get a job into. Just shows how bad the competition has gotten in the industry.

Is what they did common? Pretty much so just held quietly. I had companies that I researched, followed and would recommend and then I'd get an ass chewing because, yes my client made money but the brokership I worked for wasn't making anything but commission. Most of the companies I recommended the brokership didn't have shares of in their coffers, and didn't reasearch. They wanted me to push companies that they owned shares in (which is borderline legal.... especially if you do not foreclose information that your brokership owns shares). But this is very common throughout the industry. EDJ just got caught.

They failed to see the fact that by my recommendations clients made money, felt good and recommended us to their friends and would buy more from us. I inherited 25 some active, some non-active clients. I finished a year and a half later with 150 ACTIVE clients.

I left because of burnout and I was in a gambling phase where my debts were catching up to me.

12-21-2004, 07:52 PM	#2 (permalink)
pan6467 Lennonite Priest Location: Mansfield, Ohio USA	If a company breaks the law they should be punished to the full extent to which they broke the law. When I took my stockbroker test I had to study and know the laws of the trade inside and out. You know going in, that the industry is highly regulated and highly watched because you deal with other people's money and in some cases life savings. Edward D. had a pretty good rep. but they fucked up, broke the laws (they knew existed) and therefore I feel no pity towards them being fined and held accountable. EDJ was at one time, one of the more ethical companies, and very hard to get a job into. Just shows how bad the competition has gotten in the industry. Is what they did common? Pretty much so just held quietly. I had companies that I researched, followed and would recommend and then I'd get an ass chewing because, yes my client made money but the brokership I worked for wasn't making anything but commission. Most of the companies I recommended the brokership didn't have shares of in their coffers, and didn't reasearch. They wanted me to push companies that they owned shares in (which is borderline legal.... especially if you do not foreclose information that your brokership owns shares). But this is very common throughout the industry. EDJ just got caught. They failed to see the fact that by my recommendations clients made money, felt good and recommended us to their friends and would buy more from us. I inherited 25 some active, some non-active clients. I finished a year and a half later with 150 ACTIVE clients. I left because of burnout and I was in a gambling phase where my debts were catching up to me. __________________ I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"