Twenty investors await a Finra arbitration hearing in September against two clearing firms that handled their trades in a penny-stock fraud. Did COR Clearing and Wilson-Davis ignore obvious red flags? You can read about it in my column today for TheStreet.com.
The good news: A problem brokerage firm is shutting its doors.
The bad news: A lot of its bad brokers will be finding work elsewhere.
I wrote about the shutdown of Atlanta-based J.P. Turner Associates in my latest column for TheStreet. You can read it here.