Can an advisor who is properly licensed to be a branch manager

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Oct 1, 2011 6:24 pm

get a job as a branch manager at a wirehouse if he qualifies in all regards except he has had a five day suspension from FINRA within the last year from an infraction four years ago?  FINRA didn't do a thing for over two years. If not, can exceptions be made with proper subsequent oversight?  The two firms I am looking at have jobs open in successful offices in rural markets that just do not have any series 9/10 registered people or any who desire to be.  The offices are in areas probably nobody from outside the area would ever want to move to.  Just wondering if anybody has had experience with this type of situation.  Thanks.

Oct 2, 2011 10:29 am

so what did you do?  do you really belong in this business?

We had a guy with like 5 hits on his U4 become our branch manager.  Unbelievable.  Very hard to work with him.  He lasted about 18 months racking up 3 more hits while he was with us.

So did you learn anything?  Are you desparate for a job and money and will the same thing happen again?

Oct 5, 2011 9:31 pm

That will depend on the firm and their policies and procedures.  If your 9/10 (or 24) is still active and the state approves your registration with no restriction then you should still be qualified, by registration, to be a mgr.

good luck