Does anyone care to comment on that? I recently saw a letter on the internet that's suposedly been forwarded to compliance officers at most of the broker/dealers around the country, it was pretty damning and I'm wondering if it wasn't a significant part of his undoing?
Here's just part of it...
Subject: Current NASD Advertising violations
The registered representatives of your firm are using marketing products from Larry Klein and his two companies NF Communications http://www.nfcom.com/ and the CRFA “Professional Designation” and marketing system http://www.crfa.us/.
1) In 1996 Larry Klein was expelled on a lifetime basis by both the Securities & Exchange Commission and the NASD for fraudulent business activities with senior citizens and was ordered to pay over $400,000 in restitution for his marketing strategies used against senior citizens http://www.sec.gov/litigation/opinions/3437835.txt
Obviously, there's much more... Has anybody else seen this?
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