Brookstreet Broker Cliff Popper Suing NFS for $36 Million

Published Wednesday, April 09, 2008

Cliff Popper, the flashy former Brookstreet Securities broker/trader at the center of the California firm's August collapse, is now suing his old clearing firm, National Financial Services (NFS), for $36 million in damages. According to Popper's attorney, Jeffrey Kaplan, of Miami law firm Dimond Kaplan & Rothstein, NFS is to blame for the collapse of Brookstreet, and the subsequent disintegration of Popper's roughly $1 billion client portfolio. Kaplan recently filed an arbitration claim against NFS on behalf of Popper and other members of his team. A spokesperson for NFS said the firm has not yet received notice of ...

To continue reading this article, please register or login – it’s quick and free…

Member Login

Forgot password? Need Help?

Enter your email address below, and we'll email your password.

Are cookies enabled in your browser?

This site uses cookies and session data to keep track of your name and preferences while you're logged in. You cannot login without enabling cookies.

One Step Registration

Fill out the form below for instant access to the page you’ve requested.

Website members also receive access to our entire archive and may apply for a complimentary subscription to our print magazine.
All fields are required Personal Info
  Required Must be a valid email
  Required Passwords must match
  Required
  Required
  Required
  Required
  Required
  Required
  Required

Registered Rep. Magazine

Submit the form for instant access to the page you've requested.

Current Issue

Registered Rep Cover

Nickels And Dimes

By John Aidan Byrne

Helping small savers plan their financial futures, without going broke.

Clients, The New Breakaways

First there was the breakaway broker. Now RIAs are grabbing another kind of breakaway, the disgruntled wirehouse client.

More Articles from our Current Issue

 
browse back issues

Von Aldo

Most Popular Stories

Featured Book

The American Dream Planner 

The American Dream Planner is designed to develop and stress- test wealth accumulation, management and transfer choices. The software accepts unlimited investments, tax deferred accounts, real property and business interests, income and expenses. Plans can include Trusts (Bypass, Marital, ILITs, CRTs, GRATs), SCINs, marketability and minority interest discounts and other techniques with income, gift and estate tax calculations. Data rich and interactive pie, line and bar charts and tabular data and mail merge provide a source for customizable reports. All versions can share encrypted data. The Personal Edition is intended for individuals with current estates of less than $3-5M. ...