FINRA Actually Pretty Understanding When It Comes To Brokers Ripping Off The Elderly In Order To Pay For Strippers

This is just an FYI for anyone doing some risk/reward analysis re: whether or not freeing up the funds to buy unlimited lap dances by screwing clients is worth it– much to the chagrin of one Bloomberg columnist, you’re really just looking at a relative slap on the wrist.

Then there is Keith Epstein. In a criminal complaint filed in the U.S. District Court for the Eastern District of Michigan on Nov. 22, a Federal Bureau of Investigation agent said the former broker had taken money from mostly elderly investors, indulging in jaunts at strip clubs, online gambling, and even handing over signed, blank checks to three exotic dancers. Ron Chapman, a Bloomfield Hills, Michigan lawyer who is handling $8 million in claims against Epstein, says one investor entrusted new money to Epstein as recently as three months ago.

Michigan took away Epstein’s three insurance licenses in October 2009, describing his actions as “thievery” in a news release. Finra barred him from the securities business for two years beginning Jan. 20, 2009, a lenient temporary ouster considering they said he’d engaged in “misuse” of investor money. Why should any broker be let back in once that’s happened?

Madoff Country Club Tips Give Timeless Lesson [Bloomberg]

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51 Responses to “FINRA Actually Pretty Understanding When It Comes To Brokers Ripping Off The Elderly In Order To Pay For Strippers”

  1. Guest says:

    I gotta make some calls.

  2. General Disarray says:

    FINRA understands. FINRA also likes the strippers and guys are bound to make mistakes when they have stripper tits in their face.

  3. buckettrader says:

    No big deal, this happens at ____ all the time

  4. Guest says:

    But Epstein was drunk. Where is this world coming to if everyone’s held accountable for stuff he does when drunk.

  5. Anonymous says:

    Since when is it a crime to indulge in jaunts at strip clubs, gamble online, and sign over blank checks to strippers? Before you know it they will take away our rights to fund human trafficking, boy soldiers in Sierra Leone and Pelosi’s cadaver face botox treatments.


  6. Older But Wiser says:

    If you are wearing light colored clothing, never get a lap dance from a topless dancer who had burritos for supper.

    -Someone Who Found Out the Hard Way

  7. Guest says:

    Getting caught siphoning money from Gertrude’s annuity account to fund a night watching Cinnamon dance to a horrible remix of “Tempted to Touch” is the NKI

  8. Jriems says:

    I just have to know what the strippers cashed the blank checks for? Any idea?

  9. Anonymous says:

    Or if you are in Norway and she is wearing a red bracelet

  10. Guest says:

    To purchase a perfume that emits an essence that is a mix of baby powder, spring flowers, and Daddy issues.

  11. Guest says:

    Thanks for sharing.

  12. Calvin Johnson says:

    Hmmm…this guy overpaid. In the Detroit area you can get that kind of service for canned food, a 40oz and a Twix bar (in case she has a kid, you know…)

  13. Intellectual Masturbator says:

    …and syphillis is the new STI.

  14. Full Contact Lap dances says:

    We must go to the same clubs.

  15. Full Contact Lap dances says:

    We must go to the same clubs.

  16. CFA1 says:

    Writing a blank check may have advantages over the unbranded ATM in the foyer.

  17. Hot Dish says:

    Using the word “supper” put your post over the top for me. Bravo.

  18. BankrGirl says:

    He actually said, “Any one got 75 cents, I’m tryin’ to buy a textured ribbed condom from the PUMP.” Just doesn’t happen.

  19. ST1 says:

    Bro’s before Ho’s

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