who cares.

Chat room @ 9 pm, get a life.

What a horrific story.

Thing like this are one of the chief reasons why individual brokers have such a difficult time establshing credibility.

Read this, it's a lesson in the dark side of the business.  From what I read on this forum there are several practitioners of the dark side who enjoy boasting--annonymously--about their own ethics.

I love the line regarding "a score of ten on the chutzpah scale."

I have never cosidered this particular branch of the name "Oppenheimer" to be anything other than a chop shop.

There's a guy in NYC named Phil Oppenheimer who runs a small shop that he called P. Oppenheimer for years.  Then, somewhere along the way he took on the name "Oppenheimer and Close."    I suspect he often wishes his name was R. Merrill instead of P. Oppenheimer.

http://www.thestreet.com/s/oppenheimer-has-heart-of-stone-et hics-of-putty/newsanalysis/wallstreet/10367013.html

The problem with OPY is most of their reps are transactional types. I know a few good ones (decent guys) and they hate seeing stuff like this as it gives them a bad reputation. That situation in Boston never should have gotten to where it did (in my opinion).

Thank you for posting that link; I should have done it myself.

[quote=badmove?]

who cares.

Chat room @ 9 pm, get a life.

[/quote]

uummm... chat room while your wife is in labor?

[quote=ymh_ymh_ymh]

The problem with OPY is most of their reps are transactional types. I know a few good ones (decent guys) and they hate seeing stuff like this as it gives them a bad reputation. That situation in Boston never should have gotten to where it did (in my opinion).

Thank you for posting that link; I should have done it myself.

[/quote]

what's wrong with being a transactional rep if your ethical?

I have a friend in that office, you would not believe the stories, you could write a book. Zippers in the bathroom @ 7 am, forcing CEF’s down brokers throats, wanting a higher ROA not a lower ROA on large accounts, it was ridiculous.

[quote=badmove?]I have a friend in that office, you would not believe the stories, you could write a book. Zippers in the bathroom @ 7 am, forcing CEF's down brokers throats, wanting a higher ROA not a lower ROA on large accounts, it was ridiculous.[/quote]

Zippers? What's that?

coke

But isnt cocaine illegal? What bad, bad brokers they are...

You should read that broker's NASD profile.  He owes almost $6MM to the old lady...