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The Commodity Broker By Milton Laene Araujo
Chapter 6 –
Sofia learned
about the commodity business, and very soon she was aware of all complications
related to this business. She visited NFA site constantly to check on up-dates.
She was not sure if she was made-up for this business. Money was very good,
actually, too good to be true. She had made at least $25,000 in commissions in
only two and half months. In December Stonegate was forbidden to charge more
than $100 per trade in commission, and Paul saw this as a sign that something
bad was about to happen. Once well informed about her position within the
company, Sofia changed her ways of dealing with her boss, Paul.
“Sofia, you are
killing me!” You have all these money sitting on customer’s account and you do
not place them in the market. What the fuck are you waiting for? You could have
made at least 50 trades this week, but no, you want to wait…what is wrong with
you? I used to like you better, when you just started, but now you are
affecting my business, and this is my company.
“Paul, I am a
broker, therefore I am sharing with you 50% of my profits, while you give me an
office to do my job. Your job is to make sure I have all the material needed to
do my sales, and you are doing a great job with that. But please, do not think
that I am handing over my customers to Peter or Steve just because you do
business this way. It is against the
regulation to transfer customers to anyone inside the firm, especially when
that someone has lost his license and is under investigation. I am liable to
whatever happens to my client’s money. You are not. As a matter of fact, Paul,
you shouldn’t even be here. I read that you are suspended, but you come in here
and boss everyone’s around as if this is a pizza place. We are talking about
investment Paul. We are talking about good faith. I will not allow you to touch
my book, whether I am here or not, and it is BS that the client belongs to you.
They are my clients because I am licensed to deal with them. You can make
Victor, Diva and everybody else hand their clients over for you to do the
trades behind closed door, but not with my clients.”
“How dare you
talk to me this way? I helped you when you needed a job. I gave you money and a
nice office, and now you turn against me?” Paul said to Sofia and to everyone
who stopped doing whatever they were doing while participating the fight. No
one dared to interrupt them. Sofia was showing her tough self, and for Paul it
was an aberration. Not only for Paul. Everyone was afraid for Sofia, but no one
showed any inclination.
“I am telling you
Pal, that I am a licensed Broker who passed the Series 3 exam, and I am well
aware of your ring of wrongdoings with many companies you had in the past. Chad
is suspended; yet, he is not taking calls or touching the phone as you are. He
does mostly electrical job in here. You, on the other hand, got your brother to
be the boss, knowingly that you would deal the cards your own way, screwing
everyone who sent you money, simply for the fact of getting a new Mercedes
every year or a new apartment. How much did you say your net worth is? Last
time you said that you had over 10 million dollars and you can stop working and
retire…remember? Well, this is because you are stealing form people. You have
your team of tainted licensed guys who cannot go anywhere. They belong to you.
They have no other skills. I am sorry to say all this out loud, but it is true
Paul. You only care about money! You hire anyone just to have the necessary
brokers to cover up for those tainted ones. How many times I heard you say that
Victor was not good, yet you never told him that, or fired him, for that
matter. You need new brokers to balance the bad ones. It is illegal Paul! Yes,
I am a fucking dike…isn’t what you tell everyone? It doesn’t bother me at all.
I knew it first, and if you had a drop of dignity, you would not even try to
approach me with presents or whatever you do to get women in your bed. I am
tired of you, this business and everything related to it...not because of the
business, but because of people like you! How dare you bring Frank to give us a
speech, when Frank was the main reason a movie called “The Boiler Room” was
created. Frank was recently released from jail and you invited him to come here
and talk to us about leads etc. A guy who put his mother in jail… yes, his brother and his wife were incarcerated due
to his wrongdoings. I read about him! I
read about you! You are in the same path. Next one to go to jail will be your
brother…just because of you!
“You are fired
Sofia.” Get the hell out of my face
“Not so fast
Paul! I have a clientele and I need to let them know that I am no longer in
this business, but not because you are firing me! Oh No. You cannot fire me!
Your name is not in any legal document pertaining to this firm. You are here,
but you are no one. And as far as NFA is concerned, you shouldn’t be in here. I
am going to pay them a call, if not a visit to Chicago and expose you, and the
reasons you are firing me. Is it what you want me to do? Be careful, because if
I call them I will expose you, your brother and everyone involved. Ask me if I
care?”
“Let’s go to the
lounge Sofia.” Paul said feeling that he shouldn’t have messed with her.
“I don’t want to
go to the Lounge. You refer to me as that bitching dike, low life pig,
etc…well, now I want you to hear what I have to say. Not you or your money will
turn me into a robber. You can do whatever with them, but not with me. I do not
want complications with you because it is not worth it. I want time to close my
clients account, and when my book is finished, I will then leave, on my own. Do
not ever threat me with security, because if there is one here who is
trespassing, this one is you Paul.
“This got blown
out of proportion. I am sorry Sofia. We need to talk.”
“Yes, we will
talk tomorrow, when I return. I am taking the entire day off, and I will return
tomorrow to check on my client’s contracts and see which one can be sold – but
I will not hurry! I will do it properly. Please, stay away from me! Looking at
you I can barely sustain the presence of vomit that rises to my throat.
Sofia walks out
of the office with her book and goes home.
Diva comes to her rescue, after making sure no one would see her.
“Sofia, my Gosh, you told him off.”
“Diva, I am from
another country, and English is not my primary language, but I know when
someone is cheating. Paul is this type of person. I just hope you take him out
of your system, as you should.”
“I always knew
that this type of job requires thick skin Sofia. What I mean is, everyone is
doing the same thing as Paul. Don’t you know that he has no education, except
this business, and this is his life! He loves his job and he wants to be
involved.”
“Diva, you are
only 21 years old. I am forty! I have been in sales all my life, but I have never
lied to a client or a customer about my intentions. No one needs thick skin!
Everyone needs to treat others as you like to be treated. Paul is an asshole.
He pretends to be something he is not. I truly feel bad, but he shouldn’t have
approached me with that tone, and tell me to give all my customers to a Loader.
“I know, he asked
me to talk to you about that.”
“You see it Diva?
He is working on you to change me.” How Lame. Did he ever care to tell you when
you were hired that your license would be tainted? Does he actually tell his
employees that they are signing up for a firm under investigation, and that all
his employees were with him before, doing the same thing? No, he hires new
people, give them $500 for passing the test, and make them all a telemarketer.
Chapter 7 –
December / January 2007
Jonathan Rolls
from Missouri, a married man of the age of 37, with a net worth of $ 1,000.000
removed $20,000 from mutual funds to invest in Options. On December 21st, 2007 he received
a check of $21,326.00 from TRUSTCOM. He still has 5 open contracts on Crude Oil
and 2 contracts on Euro currency.
Robert Bowen from
Indiana, a married man of the age of 60, with a net worth of $1,000.000
received a check of $ $10,026.00 on December 20th of 2007 from
TRUSTCOM. He still has 5 open contracts on crude oil and 2 contracts on Euro
currency.
Robert Jenkins
left his money in the market and his account was transferred to Peter. As of
now he has $47,000 sitting on his account and 25 positions on Crude Oil and 10
Positions on Heating Oil. He doubled his money in less than a month. He was
going to send $50,000 more to invest, but he was told to stop sending money for
now.
Barbara Lee
Johnston, a widow form Virginia, age 55, with a retirement account only. She is
very religious. She had a boyfriend called Milton who passed away. She works as
a volunteer. Her initial Investment was $3,000 and she received a check for
$3,250.00 on December 20th, 2007. Mrs. Johnston wanted to re-invest,
but was glad to receive the check before Christmas. She has 4 contracts on
Crude Oil and probably will double her money. She said that she will forget
about this position and let God do his work.
Stephen Lee from
Colorado, a married military man with an undisclosed net worth lost $3,000
Keith Douglas
from Texas, a married man of 53 lost $10,000. His current broker is Cindy –
Cindy called him back after he closed his account and invited him to return.
Bob Fitzgerald
Hughes from New Jersey invested $5,000 and received a check for $5,135.00 on
December 23rd 2007. Mr. Hughes re-invested his profit with a
different company. As of now he has 4 contracts on Crude Oil with Sofia.
Terry Casanovas
Brown from Canada, a married man of 49 invested $5,000 and received a check for
$5,230.00 on December 17th 2007. Terry still has 4 contracts on
Crude oil and 2 contracts on Soybeans.
Gerald F Simba
from Canada, a married man of 50 invested $50,000 initially and now holds 48
contracts on Crude Oil. Simba refused
the return check and re-invested his profit. Now he holds a variety of
contracts in varieties of commodities. Gerald does his own recommendation, and
he puts money into his account as he see fit. Currently he is working with
Peter.
Joseph Smith from
Canada, married with 3 children received a check for $20,116.00 and closed his
account. His initial investment was $9,375.00. He made all his money with Crude
Oil
Francisco Herald
from California, a widower, age 89 Invested $10,000 and received a check for
$11,236.00 on December 19, 2007. Mr.
Herald has 7 positions on Crude Oil and 2 positions on heating oil that will
expire in March 2008.
Jorge Blair from
Texas invested $10,000. Currently he has 20 contracts on Crude Oil and $10,000
sitting on his account. He received a check for $5,000.00 and wired it back into
his account.
Christopher Norby
from Indiana, a married man of the age of 43, with a net worth of $5,000.000 Invested
$50,000 and holds over 120 positions. He is currently working with Cindy. He
has $46,000 sitting on his account.
As of December 23rd
2007 Sofia has $ 109,356.13 sitting on the sidelines. This money belongs to her
customer. She is waiting for an opportunity to place them back into the market.
As of December 23rd
2007 Sofia returned $ 81,419 to her customers.
Chapter 1 http://miltonlaenearaujo.blogspot.com/2013/08/the-commodity-broker-chapter-1.html
Chapter 2 http://miltonlaenearaujo.blogspot.com/2013/08/the-commodity-broker-chapter-2.html
Chapter 6 – 7 http://miltonlaenearaujo.blogspot.com/2013/08/the-commodity-broker-chapter-6-and-7.html
