Laws... we don't need no stinkin' laws

For democrats what this means is that if it's good enough for you, I don't have to follow it.

Seriously, how in the hell does Jon Corzine run a securities firm without a license?

We know that other FINRA staffers altered evidentiary documents regarding broker misconduct prior to forwarding cases to the SEC for action. 

Now, we learn that FINRA failed to require Jon Corzine to re-qualify for certain securities licenses that were required of the head of a securities broker-dealer. It appears that as much as $1.2 billion of customer assets are missing. One could argue that Bernie Madoff was current with all of his licenses. And, that would be correct. 

Now ask yourself this question. Imagine Joe the Plumber starting a securities firm in the Toledo area without a securities license.

How much trouble would he be in?

More.....