Big Brown Owner Fined by NASD

[philcski]

Originally Posted by jwkniska

Every single one of those hedge funds are as crooked as a three dollar bill. They're unregulated and totally crooked.... but that hoss is outstanding!!

This guy didn't work at hedge funds, he worked at crooked boiler room brokerages who were rampant in the 80's and 90's. Brokers make money on the execution of transactions and hold no risk- completely different from hedge funds.

By the way, I'll excuse your ignorance on the topic, but hedge fund employees only get paid when they show positive performance. It isn't in their best interest to rip off the client.