First, they insisted he shut down all of his outsider business activities and websites hoping it would drive him out. When he refused, they went after his wife’s Arizona-based design business and told him they need to house all the family website at First Allied Securities. When that didn’t work, they called the accounts on record saying. “They were interested in hearing from investors who have complaints regarding Mr. Palmer (CRD# 1370541).”
What they did not know was his few accounts were family accounts one of which was his own rollovers that was jointly owned by his wife. When she said, “of course he does discretionary trades.” They used a little know technicality as an admission of guilt and discharged him for unauthorized trading.