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WorldCo $$
- Thread starter rjontrades
- Start date
Speculator1929
Guest
If they are going to be fully reimbursed in 2004, why didn't they just pay in 2003 when they shut the door? If the money was available why did they hold it up? Were the Brauns expecting a larger fine from the NASD?
Who is paying the NASD fine levied on the firm? Will it come out of the proceeds that are being allocated to creditors or will it affect the total reimbursement percentage?
Read the NASD finding; what a bunch of self dealing slimes. Once again the Brauns leave someone else (John Miller) holding the bag for their misdeeds.
Who is paying the NASD fine levied on the firm? Will it come out of the proceeds that are being allocated to creditors or will it affect the total reimbursement percentage?
Read the NASD finding; what a bunch of self dealing slimes. Once again the Brauns leave someone else (John Miller) holding the bag for their misdeeds.
Quote from Speculator1929:
If they are going to be fully reimbursed in 2004, why didn't they just pay in 2003 when they shut the door? If the money was available why did they hold it up? Were the Brauns expecting a larger fine from the NASD?
Who is paying the NASD fine levied on the firm? Will it come out of the proceeds that are being allocated to creditors or will it affect the total reimbursement percentage?
Read the NASD finding; what a bunch of self dealing slimes. Once again the Brauns leave someone else (John Miller) holding the bag for their misdeeds.
i think that you are getting excited over a small amount of money
how much are you trying to recover?
worldco traders had a nice ride for quite a few years
john miller was well paid for his role which he understood from the beginning.
Quote from zdreg:
i think that you are getting excited over a small amount of money
how much are you trying to recover?
worldco traders had a nice ride for quite a few years
john miller was well paid for his role which he understood from the beginning.
I don't think you guys understand the way the NASD works.....they are barred and suspended and fined...blah blah blah....so what? They may or may not pay those fines...and if they don't they are not allowed to re-apply for nasd membership....given the nature of what happened I find it hard to believe they would want to.....so....what if they decide to just sell used cars in New jersey???? Unless the SEC gets involved and uses fed power to force them to pay, they will most likely never get a dime....Do you know how many guys I know who lost 200k arbitrations and were fined 50k and then just quit and never paid a dime?...and if they declare personal and corp . bankruptcy.....its over...nothing to recover.
Quote from zdreg:
missed boat is apropo
walter bruan was not in thailand on january 5th- date of your posting
day to day operations were not run by walter bruan in beginning.
do you believe in getting facts or just shooting the breeze
You wrote this on January 13th? So what, was he in Thailand on the 13th, but not yet on the 5th? Wow!
And if the facts are not straight, then Worldco employees shouldn't be saying that Walter is in Thailand before he is in Thailand (assuming you are right that on Jan 5th he wasn't).
And so when did Walter run day-to-day operations, SHORTLY AFTER the beginning of a firm that was around for how many years? Wow, you are good.
Quote from zdreg:
i think that you are getting excited over a small amount of money
how much are you trying to recover?
worldco traders had a nice ride for quite a few years
john miller was well paid for his role which he understood from the beginning.
Although you were responding to someone else, I'm wondering who the hell you are to tell someone what a "small amount of money" is, especially when you don't even know how much it is.
Worldco traders had a nice ride for quite a few years? That depends on how many years they were there. Remember that Worldco was bringing people in (with money down) within a week and two of closing down. And some good traders from other firms came over to Worldco within days, months, a year, etc of Worldco closing down.
So which member of management do you represent?
Quote from indahook:
Those fines are pocket money for the Bruans. Whoopdefreakindo
that's just the tip of the iceberg unfortunately....usually after something like this the IRS comes waltzing in to check whether they were 1099's, considered employees ect.........Hey, i hope everything works out and they stick around but i would be concerned for my $$