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PhillyKev

Why stock scandals really suck (or...I like wine)

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Our firm does everything on the up and up all the time...to a fault. No minor sign of impropriety is allowed. No one here can even buy individual stocks, we're pretty much limited to VanGuard funds (not that that's necessarily a bad thing).

So a brokerage firm sends us a Christmas present. 3 cases of all different wines. Randomly grabbed a couple and priced them on the internet. They both go for about $300 a piece.

We had to send them back :(

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if it was a present then why did you have to send them back?

was it an outside company to you? Or your firm to you?

:S:S



It was a brokerage firm that we use to trade stocks for our clients to our firm. We use several different brokers, depending no who can give us the best strike price on a trade at the time (in order to make more money for our clients). I guess it could be looked at that a gift is for giving them trades when they weren't the best price. But who's going to assign a few hundred thousand shares (a week) to a broker just for a few grand in wine???

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