07 March 2014 (19:26 UTC-07 Tango 06 March 2014)/05 Jumada l-Ula 1435/16 Esfand 1392/07 Ding-Mao 4712

“…there are problems at all those levels….it’s really been an honor system…there were breakdowns at all levels….”-Micheal Siconolfi, Wall Street Journal interviewed on CNBC’s Nightly Business Report

“PIABA Warning: FINRA Withholds Critical ‘Red Flag’ Information in Broker Background Check Disclosures to Investors.”-Public Investors Arbitration Bar Association

“The report is being issued as deeper problems with FINRA’s disclosure BrokerCheck were brought to light. A Wall Street Journal investigation published late Wednesday found that the public records of some 1,600 brokers failed to include criminal charges, bankruptcy filings and other problematic issues that should have been in their files.”–Reuters

The Financial Industry Regulatory Authority (FINRA) is a private corporation hired to supposedly keep ‘Wall Street’ honest.  FINRA is not a government agency.

“…investors need to be a lot more active…..do a little forensic investigation of your own…go to your state securities commissioners….”-Micheal Siconolfi, Wall Street Journal interviewed on CNBC’s Nightly Business Report

How can Idahoans trust their own state regulators?  Idaho’s own State Treasurer, Ron Crane, was outed by an internal audit which revealed that he recently blew through at least $10.6-million of taxpayers money, betting it on ‘Wall Street’!  Crane has been Idaho State Treasurer since 1998!