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Florida Broker Commits Suicide

January 10, 2012
[ by Melanie Gretchen ] Brookstreet Securities broker Cliff Popper committed suicide at his condominium last week, according to a preliminary report from the Highland Beach Police Department in Florida. Known for his extravagant lifestyle, Mr. Popper's team was at the center of the downfall of the firm, which collapsed in 2007 after its clearing firm, National Financial Services LLC, made a margin call on accounts with collateralized mortgage obligations, according to the SEC. Jeffrey Kaplan, a former lawyer for Mr. Popper, told the Herald that Mr. Popper was recently "under a massive amount of personal stress." [InvestmentNews, 1/6/12]