WHEN YOU ARE A DAVID
THAT NEEDS TO TAKE ON A GOLIATH
Posted by smeissnerdev

Aggrieved Investors Sue a Clearing Firm

Dozens of investors are suing a stock trade-processing firm over its role in their heavily margined investments in mortgage-backed securities, reawakening a debate over how much responsibility these “clearing” firms share for misdeeds committed by brokerage firms.