subsidiary of bank of america one after another over a period of a year the arbitrators eileen gormley daniel kolber and fred pinckney received what are known as black spot letters from finra removing them from the roster of those empowered to advocate the thousands of lawsuits brought each year by wall street employees and customers against financial firms finra claims it has nothing to do with merrills complaint that it fired these people and is now we hired them just like bart chilton in the first story is denying that ever happened so thousands of lawsuits are brought by customers of these brokerages and two thousand and ten the total awards was only forty three million dollars while i worked on wall street i told you when you sign a new account that you binding arbitration with the panel of brokers and and the bankers you'll never get to go to a jury and they encourage you to break the law they say look break all the laws you want we've got lawyers we don't pay yet and we're insured we're already insured against all the payouts so there's no law they're totally hedge against law finally on this