Originally Posted by
SMACFUM
Can anybody provide a source that cites Ornstein is actually a convicted felon? I'm not trolling, just looking for a legitimate source to back up that statement.
I've done a few Google searches and all I've come up with is a few puff pieces by Forbes, about his checkered past as a stockbroker, and his SEC violations and sanctions. But I can't find anything that actually says he received felony convictions.
"...the SEC in 1992 upheld a fine and multiyear suspension as a stockbroker–his prior career. The agency cited unauthorized trading, misrepresentation and frustrating investigators. Ornstein’s official disciplinary record printout back then: 21 feet long." --Forbes
He was suspended for something. Some shady dealing in a customer's account according to NASD. Right around stock market crash of 1987.
http://heinonline.org/HOL/LandingPag...=182&id=&page=
And fined a whopping $10,000