Money brokers then financed my converts on 10 percent margin.
Posing as money launderers, DEA agents picked up bags of cash from the bad guys at hotels and parking lots and sent the funds into the U.S. financial system after getting wire transfer instructions from money brokers.
The sting went after Colombian drug and money brokers and resulted in the arrest of 55 people, as well as the seizure of 36 bank accounts from Colombia, 353 kilograms of cocaine and 21 kilograms of heroin.
For starters, ranch real estate can be a good place to park money, say brokers and money managers.
Throwing lots of money at brokers from rival firms is one way to do that.
FORBES: Broker Bonuses May "Haunt" Wall Street But They Aren't Going Away
"Who's going to want to put money into brokers if it gets put into a bad bank, " Hendler said Sunday.
The firms are desperate to increase their advisor headcounts and are throwing money at brokers from rival firms to get them to join.
Because they were trained so well and made good decisions, clients made a lot of money, investment firms made a lot of money, and brokers made a lot of money.
Money managers have far greater responsibility than brokers for handling money far larger amount of money, yet they are less regulated and may in fact be completely unregulated.
In other words, money managers and brokers may collude to the detriment of retail investors.
Collusion between investment consultants, money managers, brokers, custodian banks, actuaries and even pension lawyers is commonplace.
Around the country I have on occasion encountered public pension trustees who are also money managers or brokers.
At Benchmark today we are in possession of a significant and growing body of non-public information about money managers, brokers and other financial service providers.
FORBES: Why the SEC Is In Danger of Becoming Irrelevant ( February 28, 2006 )
Unlike brokers and money managers, there are no registration or licensing requirements for consultants and no educational requirements either.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
Over the decades dealing with brokers, money managers and other financial advisers ceased to be limited to the wealthy few.
FORBES: On Your Own: Investing in An Era of Irrelevant Regulation (October 2009)
Moreover online brokers make money by charging interest on brokerage account balances.
Brokers, money managers and consultants have no minimal educational standards.
FORBES: Pension Consultant Conflicts of Interests (April 1, 2002 )
He did it through what he says was the only means available to transfer funds to war-torn Iraq, an ancient informal system known as hawala, in which brokers move money outside the conventional banking system.
And to the extent that there is any focus on consumer protection, the focus is overwhelmingly on banks, not on many, many other thousands of non-bank financial operations -- payday lenders, check cashers, auto lenders, money transmitters, mortgage brokers, et cetera.
Additional substantial bonus money may be paid to brokers who write certain amounts of premium.
My experience is that the money management industry, including brokers and financial planners, generally experiences a 5%-10% fraud rate.
FORBES: Anatomy of (Yet Another) Hedge Fund Fraud (June 1, 2001)
Brokers handle retail money mostly, not the really big bucks.
FORBES: Pension Consultant Conflicts of Interests (April 1, 2002 )
They will miss out unless they plow their money in RIGHT NOW, their brokers implore.
Brokers will make more money on debit balances, and the cost of carrying their inventory will ease.
So clients come to think of their consultants almost like regulators-objective truthful voices exposing profit hungry, deceitful money managers and bottom-feeding brokers.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
Operating out of storefronts or temporary locations like trailers, they provide currency exchange and money transmissions, and act as brokers for financial transactions.
Benchmark Financial Services conducts investigations on behalf of pensions and others who feel they have been treated poorly by money managers, pensions consultants or brokers.
Wall Street's rank and file make their money by selling things: stocks by brokers, bonds by traders and advice by bankers.
At least brokers, investment bankers and money managers are federally regulated.
FORBES: Are Class Action Law Firms Too Corrupt to Go Global?
If the experienced brokers, analysts, and money managers could not beat the markets, surely there was someone who could, and that someone may as well be me.
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