Comments on: The Great Bill Singer throws up his hands http://americanmadness.com/2008/05/06/the-great-bill-singer-throws-up-his-hands/ Intelligent Criticism in the Service of a Better Nation Sat, 26 Jul 2008 02:04:51 +0000 http://wordpress.org/?v=2.6 By: Ripped Off http://americanmadness.com/2008/05/06/the-great-bill-singer-throws-up-his-hands/#comment-136093 Ripped Off Sun, 08 Jun 2008 18:53:33 +0000 http://americanmadness.com/2008/05/06/the-great-bill-singer-throws-up-his-hands/#comment-136093 I am now exiting a wealth advisory where I have kept my life savings for the past 5 years after my remaining parent passed away. In this time, I have had nothing but trouble trying to get the most basic information (or respect) from my so called 'advisors' regarding my account. They do not feel that I deserve to know what trades or confirmations have been done on my account, plus they refuse to give me a risk analysis on a SINGLE STOCK. For this, they have been charging me THOUSANDS of dollars a year. I'm done with them and am switching to Vanguard brokerage. In the meantime, I have been in touch with several securities attorneys, NASD, SEC, FINRA, State regulators. ALL of them have played the 'musical chairs' game of either doing nothing or referring me to yet another WORTHLESS regulator, etc. Bill is right, 98% of them are corrupt and could care less how much the 'little guy' gets screwed. Probably because they are receiving kick-backs. I now have a new mission in life, and don't care how long it takes. I plan to expose the activities of my particular bank for the ENTIRE world to see. Before all is said and done, I want to see both the private client absconder as well as the 'investment advisor' end up working the drive-up window at McDonalds in *hitsville. Their relatives as well. Hell hath no fury like an investor scorned, kicked in the ass, treated like *HIT for allowing these pricks to have complete control of my life savings. I hope other angry readers will help Bill take up the 'torch' and help him in his quest to help bring accountability back to Wall Street. *Recommended reading: Brokerage Fraud-What Wall Street Doesn't Want You to Know Tracy Pride Stoneman & Douglas J. Schultz I am now exiting a wealth advisory where I have kept my life savings for the past 5 years after my remaining parent passed away.

In this time, I have had nothing but trouble trying to get the most basic information (or respect) from my so called ‘advisors’ regarding my account. They do not feel that I deserve to know what trades or confirmations have been done on my account, plus they refuse to give me a risk analysis on a SINGLE STOCK. For this, they have been charging me THOUSANDS of dollars a year. I’m done with them and am switching to Vanguard brokerage.

In the meantime, I have been in touch with several securities attorneys, NASD, SEC, FINRA, State regulators. ALL of them have played the ‘musical chairs’ game of either doing nothing or referring me to yet another WORTHLESS regulator, etc.

Bill is right, 98% of them are corrupt and could care less how much the ‘little guy’ gets screwed. Probably because they are receiving kick-backs.

I now have a new mission in life, and don’t care how long it takes. I plan to expose the activities of my particular bank for the ENTIRE world to see. Before all is said and done, I want to see both the private client absconder as well as the ‘investment advisor’ end up working the drive-up window at McDonalds in *hitsville. Their relatives as well.

Hell hath no fury like an investor scorned, kicked in the ass, treated like *HIT for allowing these pricks to have complete control of my life savings.

I hope other angry readers will help Bill take up the ‘torch’ and help him in his quest to help bring accountability back to Wall Street.

*Recommended reading:

Brokerage Fraud-What Wall Street Doesn’t Want You to Know
Tracy Pride Stoneman & Douglas J. Schultz

]]> By: Vonna Husby http://americanmadness.com/2008/05/06/the-great-bill-singer-throws-up-his-hands/#comment-131352 Vonna Husby Fri, 09 May 2008 01:37:16 +0000 http://americanmadness.com/2008/05/06/the-great-bill-singer-throws-up-his-hands/#comment-131352 Don't retire, you are needed. You gave me hope when I so desperately needed it. We have a lot in common -- I tried too so I understand. Don’t retire, you are needed. You gave me hope when I so desperately
needed it. We have a lot in common — I tried too so I understand.

]]> By: Drew Zuba http://americanmadness.com/2008/05/06/the-great-bill-singer-throws-up-his-hands/#comment-131291 Drew Zuba Thu, 08 May 2008 20:04:54 +0000 http://americanmadness.com/2008/05/06/the-great-bill-singer-throws-up-his-hands/#comment-131291 I sympathize w/Mr. Singer's predicament. There are too many scoundrels and too few heroes in our industry and for that we should all carry the burden of shame. Too few of us are truly passionate about what we do and too many are going along to get along, sad but true. New ideas and a fresh approach are met w/blank stares and the "that's how things are done" crowd seem to win at every turn. Perhaps I am too cynical but there is a part of me that thinks that an army of one can truly make a difference! Then I run into the soldiers of the army of indifference and I wonder why I bother. I will keep trying but I hope the light at the end of the tunnel is not a locomotive preparing to mow me down. God help us. I sympathize w/Mr. Singer’s predicament. There are too many scoundrels and too few heroes in our industry and for that we should all carry the burden of shame. Too few of us are truly passionate about what we do and too many are going along to get along, sad but true. New ideas and a fresh approach are met w/blank stares and the “that’s how things are done” crowd seem to win at every turn. Perhaps I am too cynical but there is a part of me that thinks that an army of one can truly make a difference! Then I run into the soldiers of the army of indifference and I wonder why I bother. I will keep trying but I hope the light at the end of the tunnel is not a locomotive preparing to mow me down. God help us.

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