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Satirist Carl Hiaasen’s Observations on the Gathering of “Troubled” Stockbrokers in Florida

Satirist Carl Hiaasen’s Observations on the Gathering of “Troubled” Stockbrokers in Florida

Satirist Carl Hiaasen’s Observations on the Gathering of “Troubled” Stockbrokers in Florida 150 150 Rex Securities Law

November 19, 2014-

Earlier this week we commented on the recent Wall Street Journal’s investigation of “troubled” stockbrokers nationwide and the fact that 4 out of the top ten “hot spots” for stockbrokers with bad disciplinary histories are located in South Florida.

Carl Hiaasen, a long time South Florida resident and satirical journalist  for the Miami Herald for decades, whose prior experience includes The Emory Wheel and The Independent Florida Alligator, offers his poignant, interesting and always entertaining observations on why why brokers with lots of regulatory violations are drawn to affluent communities here in the sunny tropics. Read it, you will enjoy it. 

Some of my favorite excerpts from this fine article :

  • “Jackals always follow the herds. The scent is stronger when the herds have money, and Florida’s elderly tend to have more money than most.”
  • “In Florida the securities industry is overseen by the Office of Financial Regulation, which last year disciplined 25 registered brokers. That’s a pitifully puny total in a place teeming with predators, but some hot-spot states didn’t bother to take action against anybody.”
  • “Whether it’s the balmy climate or the abundance of prey that appeals to white-collar crooks, they are here in thriving colonies that make Florida the undisputed Sleazoid Capital of America. It’s a title that will be hard to shake, and no place else is eager to claim it.”

Rex Securities Law , located in Boca Raton, FL, provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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