FINRA NAC, FINRA, the corrupt “dog” and the “dog chow” for sale
FINRA NAC, the Financial Industry Regulatory Authority‘s NATIONAL ADJUDICATORY COUNCIL is a notorious rubber stamp for the highly profitable, yet “non-profit” FINRA – a $2 billion a year, non-governmental “self-regulator” whose top dogs collect millions a year for abusing its members. Touted as a “neutral” or “independent” adjudicatory body, FINRA NAC is a corrupt swamp for sale:
“FINRA NAC has a perfect record of ruling in favor of FINRA staff against FINRA members 100% of the time. Vladimir Putin’s Russia can’t do better!”
Under the thumb of FINRA general counsel Robert L.D. Colby, FINRA NAC is FINRA’s Kangaroo court embroiled in racial discrimination, fraud, scandals and lies. Meanwhile, Robert L.D. Colby collects over $3 million a year as the highest paid “non-profit” lawyer in America, exposed by the US News and World Report as “FINRA’s Executive Prosper While Investors Suffer.”
“Shamelessly promoting itself as the securities industry’s ‘watchdog,’ FINRA is a nasty barking dog with fleas. FINRA NAC is the dog chow…”
Read more: FINRA membership, a dog on a leash
READ MORE: GEORGETOWN PROFESSOR CHRIS BRUMMER SUED FOR FRAUD, BROKER TALMAN HARRIS FIGHTS FINRA NAC ‘MEAT GRINDER’
“At its sole discretion, FINRA staff can bark at you and smear you even when you are NOT a FINRA member and have nothing to do with FINRA.”
“Literally, you could be the guy sitting in your bedroom and getting hit by ‘FINRA enforcement’ for some fabricated ‘securities law violations,'” said an industry observer.
“In the investment business, FINRA is as notorious as the Nazis. Sitting on top of the food chain is the political hack – FINRA general counsel Robert Colby.”
On paper, FINRA is a noisy, annoying promoter. FINRA NAC calls itself America’s “self-regulated” entity whose members are investment brokers. In reality, FINRA is a monopoly created during the financial crisis when Wall Street fat cats ruined America. FINRA membership is deeply flawed: unless someone pays hefty fees to join FINRA, he can’t do business as an investment broker.
“The moment when you join FINRA, you have bought yourself a one-way ticket to hell. FINRA membership is a nail in the coffin.”
FINRA thrives on $2 billion a year from membership fees. As a FINRA member, you lose all your constitutional rights, including free speech. You are then handcuffed for at least two years under FINRA control even after you decide to leave the abusive master. Many agree FINRA is the 21st century slave master whipping its slave FINRA members.
“FINRA has control over its members, ” said ALAN LAWHEAD, the FINRA head of appeals who is known as the “Lawhead who knows no law. “Constitutional rights do not extend to FINRA members.”
FINRA supports rigged FINRA NAC, “A dog with rabies”
As a FINRA member, your life is ruined. FINRA’s hammer is FINRA NAC, a supposedly “independent body” within FINRA to have “neutral oversight” of contested cases between you and FINRA enforcement. In reality, the process is bullshit: FINRA NAC is the “red lipstick” on a pig dancing in a kangaroo court.
Here are the reasons why FINRA NAC hearings are rigged: FINRA’s enforcement staff (the “prosecutor”) is paid by FINRA, overseen by FINRA general counsel Robert Colby. Robert Colby then handpicks whoever he wants as FINRA NAC members to serve as the “jury.” Robert Colby also authors FINRA NAC’s final ruling decisions against you (“the court ruling”). Got it?
“In FINRA NAC hearings, the judge, the court, the jury and the prosecutor are all vested in one ‘holy man” named Robert Coby, FINRA’s notorious, racist, ignorant general counsel.”
The obvious setup in a FINRA NAC kangaroo court is to ensure FINRA NAC does not toe a different party line from FINRA’s. It works great for FINRA and Robert L.D. Colby: No wonder FINRA supports FINRA NAC. Why wouldn’t kangaroos support their own kangaroo courts?
Read more: MELISSA HODGMAN, SEC ENFORCEMENT LAWYER HAD JOB PROMOTION RIDING ON ‘ASIAN SCALPS,’ LAWSUIT SAYS
Congratulations to FINRA, FINRA NAC and Robert Colby for rigging America’s securities industry!
FINRA and FINRA NAC, Kangaroo court, conflict of interest exposed
FINRA NAC has a stench of cow manure arising out of a long list of FINRA self-dealings and conflict of interest:
- Rigged FINRA NAC rulings: Historically, FINRA NAC sides with FINRA enforcement staff 100% of the time. Rigged?! (Even the “Big Brother” SEC only wins 50% of its contested cases in federal courts!)
- FINRA NAC members work in part time, moonlighting jobs paid by FINRA. (Would you bite the hand that feeds you?)
- FINRA NAC decisions are drafted and written by FINRA staff, approved by FINRA general counsel Robert L.D. Colby! (Wonder how FINRA wins 100% of its cases before FINRA NAC? )
- FINRA NAC members are handpicked by FINRA’s general counsel Robert Colby. Many have no industry experience. (Would a slave kneel before a master?)
- FINRA NAC members (“the jury”) are handpicked by FINRA general counsel Robert L.d. Colby for a specific case, who also picks FINRA enforcement staff (“the prosecutor”) to litigate the same case. Both report directly to Robert Colby. (The judge and the jury are picked by the same person? Say rigged?)
- FINRA NAC members are mostly unqualified folks with zero experience in the financial industry (For example, FINRA NAC member Georgetown nutty professor Chris Brummer, known as “Dr. Bratwurst” has a degree in “Germanic Studies!”- grilling Bratwurst sausages and drinking beer.)
- FINRA NAC is a cover for FINRA racism, fraud and outright regulatory abuses.
“My life was ruined by FINRA and FINRA NAC,” said African American broker TALMAN HARRIS. “FINRA made up trumped up charges against me, destroyed my family only because I am black! I have exposed FINRA and FINRA NAC fraud in an appeal to the 2nd Circuit Court of Appeals.”
black lives matter? Not with FINRA NAC member Chris Brummer
FINRA NAC member, imbecile Professor CHRIS BRUMMER is the perfect laughing stock for the FINRA NAC kangaroo court.
CHRIS BRUMMER is a man from Arkansas. Growing up chasing wild boars in the Arkansas mountains, Chris Brummer, aka “Dr. Bratwurst,” – attributed to his ridiculous PhD in “Germanic Studies” – watching German operas, grilling Bratwurst sausages, drinking large amounts of dark beer and dancing with naked European men (or women) during Oktoberfest. After waving a flag of “affirmative action,” Chris Brummer landed a teaching gig at Georgetown Law School as an imbecile professor.
“Lost every job in the private sector, Chris Brummer had zero experience or background – absolutely nothing in financial regulations, let along qualifications for a FINRA NAC member.”
Chris Brummer‘s appalling lack of qualifications didn’t deter FINRA general counsel Robert L.D. Colby from picking Brummer as a FINRA NAC member. But why?
Chris Brummer, the only black man in the room
Robert Colby had a good reason to “fall in love” with Chris Brummer: As FINRA “tightened its ropes” to “lynch” a black American broker Talman Harris, FINRA needed a black man to justify the lynching of another black man. FINRA “Uncle Tom” Chris Brummer came handy.
“Chris Brummer was the only handpicked black man to sit on the all-white FINRA NAC panel. You pay, he plays. That’s how Brummer works… Very transactional…”
Read more: INVESTIGATIONS: HOW NASDAQ’S WILLIAM SLATTERY, FINRA’S ROBERT COLBY LIED TO THE FBI, DUPED THE GOVERNMENT
With FINRA’s pile of cash in the pocket, Chris Brummer went to work in March 2014, presiding over a FINRA NAC kangaroo court hearing for Talman Harris. Charles Senatore, a University of Chicago imbecile academic joined Brummer to hang Talman Harris…
Despite overwhelming evidence that exonerated Talman Harris and pointed to Harris’s supervisor Maureen Gearty as the one who had embezzled a $350,000 consulting fee to spend with her criminal boyfriend Ronen Zakai – convicted for running a Ponzi scheme with Geraty, Chris Brummer found Maureen Gearty “lovely” and “cute.” An unconfirmed sexual affair ensued between Chris Brummer and Maureen Gearty, aka “Big Red…”
“Chris Brummer sent Talman Harris straight to the gas chamber – barred the black man from the investment industry.”
Pitched by FINRA, the SEC bureaucrats rubber-stamped FINRA NAC decision orchestrated by Chris Brummer (the “jury”) and Robert Colby (the “rigger”). A racist FINRA staffer Jeffrey Bloom was exposed as the FINRA”prosecutor” – all handpicked by Robert Colby. An award-winning investigative story exposed the Brummer, Colby, Bloom kangaroo court:
Talman Harris is a man of principle. The black American hero didn’t back down.
In an October 2016 appeal to the 2nd Circuit Court of Appeals, Talman Harris blasted Chris Brummer, FINRA, FINRA NAC and the SEC for fabricating the law, the evidence and engaging in racial profiling.
Quoting directly from Talman Harris’s court filings:
“The SEC – as did the NAC in its decision – found that the Deer Payment “was not tied to a specific transaction” and “was not a ‘transaction-based payment.’” (SEC Opinion, at p. 9 n.32; see also R. 3369, NAC Decision, at p. 23 (There was no testimony “that the advisory services were related in any way to sales of Deer stock.”); id. (“[T]he $350,000 payment from DEER reflected a single, substantial, non-transaction-based payment from an issuer in exchange for consulting services. With that finding, the analysis should have been concluded as there was simply no nexus.
“Despite this finding, the SEC then speculated about the payment in a manner unsupported by the record. (See SEC Opinion, at p. 6 (“[I]t appears that Deer’s $350,000 payment compensated [Harris and Scholander] for both the limited consulting services and their recommendation that customers buy Deer securities.”); id. at p. 9 n.32 (“[I]t appears that the payment was a form of quid pro quo for later, general recommendations of Deer securities by [Harris and Scholander]”).) The SEC’s guesses, however, do not constitute its or the NAC’s findings – which was that the payment was “not transaction based” – and thus cannot constitute the basis of its decision.”
Black Lives Matter, Talman Harris, Congressional inquiries
Assisted by the Black Lives Matter movement, TALMAN HARRIS and #blacklivesmatter went to Congress to appeal his case, described in FINRA’s decade-old racial profiling against Harris.
Several Congressional offices led by House Financial Services Committee Chairman Scott Garrett appealed to the SEC to reverse the FINRA NAC racism and wrongful accusation against Talman Harris: FINRA NAC DISCRIMINATES AGAINST TALMAN HARRIS, ROBERT COLBY, CHRIS BRUMMER, NICOLE GUERON IMPLICATED RACISM.
While Congressional inquiries are under way, Chris Brummer has declined repeated requests for comment. So did FINRA’s Robert Colby. When reached on a recorded phone line, Charles Senatore was quick to blame the racist abuses on Chris Brummer and Robert Colby:
“It was Chris Brummer who had ruled against Talman Harris. I had left FINRA in December 2013. FINRA and its general counsel had controlled everything.”
At press time, FINRA and its fraudulent general counsel Robert Colby have paid the obscure “lawyer” NICOLE GUERON in New York to muzzle investigative reporters. Response from the media is swift: “Bring it on! America’s sacred First Amendment rights will be exercised to the fullest extent permitted by law!”
“While Chris Brummer is busy with Rachel Loko Brummer while enjoying a ‘cuddling’ with NICOLE GUERON, FINRA general counsel Robert Colby could hardly wait celebrating with his $3 million a year pile of cash for having put another black man’s scalp on the wall.”
Thank you FINRA, FINRA NAC, ROBERT COLBY, CHRIS BRUMMER AND NICOLE GUERON for FCUKING UP another innocent black man’s life.
“While the FINRA NAC Kangaroo court prepares to lynch another black man, Talman Harris is holding his 8-month baby girl shivering in the cold winter, unable to afford food for the newborn…”
Welcome to the world of FINRA and FINRA NAC. The drumbeat continues…