AFTER a Long Island charity that provides financial
support for 190 current or former firefighters lost $614,036 in the stock market during
the Internet bubble several years ago, it eventually did what many aggrieved investors
do: it filed an arbitration case against its former broker, Andrew Sirico, contending that
he had churned its account to rack up trading fees and had improperly
invested its funds in speculative securities. Read more from Gretchen Morgenson's Article
below... |