http://www.brokeandbroker.com/index.php?a=blog&id=609

In a FINRA Arbitration Statement of Claim filed in September 2009, Charles Schwab & Co., Inc. alleged the misuse of Schwab client information by Respondent Colvin.  In the Matter of the Arbitration Between Charles Schwab & Co., Inc., Claimant, vs. Kristian Daniel Colvin, Respondent (FINRA Arbitration 09-05471, October 21, 2010).

Okay, that's the short and sweet version of this arbitration. Frankly, a fairly garden-variety intra-industry dispute. However, seems that there may have been a tad more going on here because, frankly, if you consider just the Statement of Claim, it looks like Schwab sort of went ballistic. 

As to the outcome -- whoa!  What the hell was Schwab thinking with this one?  Talk about getting hoisted on one's own petard. Kaboom.  Schwab starts this legal to-do and then gets socked with over $200,000 in their adversary's legal fees.  Talk about miscalculating.

READ BILL SINGER'S COMPREHENSIVE ANALYSIS OF THIS CASE AT:

http://www.brokeandbroker.com/index.php?a=blog&id=609

Special Event this Thursday!

(No, not a commemoration of 1929's "Black Monday" )

Mark your calendar for October 28, 2010.

Bill Singer unleashes an unusual BrokeAndBroker.com Blog
upon an unsuspecting world.

You'll laugh.
You'll cry.
Don't Miss It.