I saw the writing on wall, when the first non-broker trained CEO was appointed at MERRILL LYNCH. My boss, who answered directly to that CEO, said to me after first meeting him, “…some people make bold moves to climb to the top. Others hide behind them so they don’t get shot in hopes of reaping spoils, if others fail. Time to take the severance package before this ship blows itself up…” I requested mine to be finalized on May 8th the day Joan of Arc liberated Paris in 1429.
Not long after, two executives and I were advising other firms on how to be better Broker-Dealers. Four months almost to the day, on what would have been my usual quarterly visit to Merrill Lynch headquarters in New York City. The Twin Towers were attacked https://www.911memorial.org/ Not long after, my old firm MERRILL LYNCH collapsed under subprime and credit default swap mistakes. The rest of the financial markets and the country’s economy followed. https://smainstitute.com/wp-admin/post.php?post=860&action=edit
By then I had my fill of traveling around the country making myopic security industry owners richer and began doing behavioral research exclusively—not to mention indulging in an old bad habit of Day Trading. Soon, as a give back, so to speak, I began advising the Governor and State Treasurer, pro bono, on how to navigate the Great Recession that we were in the middle of, by keeping businesses open and attracting new enterprises to Arizona. As it turned out I discovered that “we the people” were merely slaves to a self-serving system.
My years on “The Street” taught me to understand tone of the tape and how to dull beta and enhance alpha. Working with empty suits who had escaped to government because they would have failed in the private sector, quickly resulted in my frustration. http://kevinpalmerscottsdale.com/wp-admin/post.php?post=1067&action=edit. Changing course, I began using my research to write, albeit seditiously at times, about how to resist falling prey to corrupt political machinery that shackles common mankind for its own benefit.
My third book will be out in 2023.
Kevin J. Palmer
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Jul 02, 2018 · Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona (2008-2018). Previous registrations include First Montauk in Scottsdale, Arizona (2001-2008); Merrill Lynch in New York, New York (1994-2001); and Painewebber in Weehawken, New Jersey (1985-1994). http://KevinJPalmer.com
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Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Palmer (CRD# 1370541). Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona (2008-2018). http://KevinPalmerArizona.com