Greenwich's Newest Penny Stock Broker
Dick Fuld’s New Friends
Roddy Boyd
The Financial Investigator.com
.....Things have changed, however, since Lehman’s inglorious collapse in September 2008 for the 64-year old Fuld.
Evidence the first: Since May 6, Fuld has kept his Financial Industry Regulatory Authority license at a small firm located at 45 Broadway in Lower Manhattan called Legend Securities.,,,,
....I spoke briefly to Fuld by phone at his Greenwich, Ct. house but he declined comment, citing pressing family business. Legend’s executive officers did not respond to repeated inquiries—including E-mails and voice messages at the firm....
....The firm has had three separate corporate identities since its founding in 1998 [unlike Lehman, which kept the Lehman name in one form or another since its founding in 1850.] Filings indicate that an entity called The International Monetary Group—which appears to have no operations—currently controls 99% of Legend. In turn, The International Monetary Group is two-thirds owned by a corporation called StockTrade Network with the balance controlled by Legend chief technology officer Mark Sulavka and firm president Salvatore Caruso......
....For a firm that lists five managers, Legend has a remarkably broad menu to offer the public: stocks, bonds, Ginnie Mae’s, collateralized mortgage obligations (mortgage-backed securities carved from mortgage-backed securities), private-placements, mutual funds, real estate investment trusts and municipal securities are just the begining. There is also life insurance, health insurance, 401(k) plans and tax help.....
.... It has to be: Why else would a man lend his name and honor to men whom he would not have let near his building just two short years ago?
==============================
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
No comments:
Post a Comment
Useful criticism, helpful links and corrections and general comments are always welcome at Greenwich Roundup. Generally only spam ads and posts with very foul language get censored.
Contact me directly at GreenwichRoundup@gmail.com if you have a suggestion or comment you don't want publicized (but tell me so in your email).
I look forward to publishing your opinions.
COMMENTING RULES: We encourage an open exchange of ideas in the Greenwich community, but we ask you to follow our guidelines. Basically, be civil, smart, on-topic and free from profanity. Don't say anything you wouldn't want your mother to read!