It’s hard to believe, but some brokerage firms specialize in hiring recidivist brokers — those with 3, 4, 5 and even more customer-related disciplinary infractions on their record. These “predator wolf-pack” firms populated with recidivist brokers have a business model that maximizes profits by targeting and ripping off unsuspecting, vulnerable and often elderly investors, breaking FINRA and other rules along the way.
