Chris Courtney Martin Comment On Regulatory Notice 26-06
Chris Courtney Martin
FINRA's arbitration process does not take into account the proletariat predation committed by retail investment fraudsters who thrive on "low-dollar" buy-ins for crowdfunded "companies" that were never going to be legitimate. I'm talking about the crowdfunding mafia spearheaded by Wefunder and its monopoly partners. The public should be aware that FINRA and the SEC have sat on information about Wefunder's fraudulent Tribel campaign and much more, while political strings were likely pulled by Tribel's founders to keep the whole thing under wraps. International regulators circulated a warning this past fall/winter about Wefunder's behavior. Ontario Securities Commission/Canadian Securities Administration. IOSCO. The AFM, which regulates Wefunder in the EU. The FCA in the UK. Meanwhile, silence from FINRA and the SEC. If this is not enough to prove that the arbitration process is a bad-faith stoppage for the common underresourced retail investor, I don't know what is. There should be no fees associated with holding fraud to account through an organization like this, which was supposed to prohibit that fraud in the first place. This is why white collar scammers feel so comfortable going after The Little Guy-- because FINRA has made it easy. People who cannot afford legal representation should not be subject to this process. It should be as simple as a complaint. These regulators have more than enough resources to see this through. However, it seems they may be incentivized to grant passes depending on the perpetrator's connections. Again, I have had my time wasted and my intelligence disrespected by FINRA for more than two years-- and counting. The arbitration process, which I looked into, has nothing for someone who was just a low-dollar mark in a scheme that stole millions from a large swath of people who have yet to even be notified after all this time. This includes disabled people, veterans, seniors, folks on fixed income, and more.
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Chris Courtney Martin Comment On Regulatory Notice 26-06
FINRA's arbitration process does not take into account the proletariat predation committed by retail investment fraudsters who thrive on "low-dollar" buy-ins for crowdfunded "companies" that were never going to be legitimate. I'm talking about the crowdfunding mafia spearheaded by Wefunder and its monopoly partners. The public should be aware that FINRA and the SEC have sat on information about Wefunder's fraudulent Tribel campaign and much more, while political strings were likely pulled by Tribel's founders to keep the whole thing under wraps. International regulators circulated a warning this past fall/winter about Wefunder's behavior. Ontario Securities Commission/Canadian Securities Administration. IOSCO. The AFM, which regulates Wefunder in the EU. The FCA in the UK. Meanwhile, silence from FINRA and the SEC. If this is not enough to prove that the arbitration process is a bad-faith stoppage for the common underresourced retail investor, I don't know what is. There should be no fees associated with holding fraud to account through an organization like this, which was supposed to prohibit that fraud in the first place. This is why white collar scammers feel so comfortable going after The Little Guy-- because FINRA has made it easy. People who cannot afford legal representation should not be subject to this process. It should be as simple as a complaint. These regulators have more than enough resources to see this through. However, it seems they may be incentivized to grant passes depending on the perpetrator's connections. Again, I have had my time wasted and my intelligence disrespected by FINRA for more than two years-- and counting. The arbitration process, which I looked into, has nothing for someone who was just a low-dollar mark in a scheme that stole millions from a large swath of people who have yet to even be notified after all this time. This includes disabled people, veterans, seniors, folks on fixed income, and more.