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VeryMeanReversion

Broker In The Us - Honesty Is The Best Policy

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http://www.miamiherald.com/static/multimed...ge/brokers.html

I thought out Eric would appreciate this one.

Article starts with :

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When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble. He admitted on his license application that he had been convicted of cocaine trafficking.

Florida regulators -- responsible for protecting borrowers from predatory brokers -- could have rejected him on the spot.

Instead, they asked for a character reference: He gave them a note from his mom. They said he needed a reputable supervisor for his practice: He chose a guy he met in the prison visitor room.

They asked for a copy of the court file but never demanded the police report, which shows that he had been caught with a small arsenal of assault rifles and ammunition, in addition to the cocaine.

Their background investigation complete, regulators circled ''approved'' at the bottom of the screening checklist, collected a $215 license fee and looked the other way.

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I suppose that's relatively honest. Nice to know worldwide financial authorites are looking out for out best interests.

VMR

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http://www.miamiherald.com/static/multimed...ge/brokers.html

I thought out Eric would appreciate this one.

Article starts with :

------------------------

When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble. He admitted on his license application that he had been convicted of cocaine trafficking.

Florida regulators -- responsible for protecting borrowers from predatory brokers -- could have rejected him on the spot.

Instead, they asked for a character reference: He gave them a note from his mom. They said he needed a reputable supervisor for his practice: He chose a guy he met in the prison visitor room.

They asked for a copy of the court file but never demanded the police report, which shows that he had been caught with a small arsenal of assault rifles and ammunition, in addition to the cocaine.

Their background investigation complete, regulators circled ''approved'' at the bottom of the screening checklist, collected a $215 license fee and looked the other way.

------------------------

I suppose that's relatively honest. Nice to know worldwide financial authorites are looking out for out best interests.

VMR

Hey! That's not abh is it?!?!? :blink::blink:

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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