Collecting unemployment after being fired

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Nov 26, 2005 9:33 pm

Hello,



I worked at a large brokerage as a CSA (admin. staff) for a team of
brokers.  Word got out that I was looking at a competitor 
for new employment, my team found this out and had me fired.  I
had negotiated the terms of my release with my former employer before I
left so my U4 should indicate terminated (by comparison of allowed to
terminate ).  My question to you... I am studying for my CFP
designation and I am cash poor, if I put in for unemployment will this
effect my U4?  Can my former employer cause me harm if I do apply?


Nov 28, 2005 6:39 pm

HOLY CRAP DUDE. Go work at walmart or something so you can pAy the bills. Study at night for CFP. THEN  go indy

Dec 29, 2005 2:05 pm

Ray Jay gives you a salary plus comission for 2 years.  BrokerRecruit here is a RJ recruiter.

Dec 29, 2005 3:37 pm

Not to nitpick, but all occasions of leaving a b/d are considered a "termination".  It's the reasons for termination (reflected on your U5) that are important (e.g., discharged, permitted to resign, voluntary, other).  If one is discharged, permitted to resign, or "other" is indicated, the b/d also puts an explanation for the reason.  I assume from what you're saying they'll be putting a "voluntary" termination on your U5, which of course is the best for you, and the b/d doesn't indicate an explanation for that.


Re unemployment benefits, there are no questions on the U4 that relate to that (the financial questions relate to things like bankruptcy, outstanding liens/judgments, and compromises with creditors).


I have no clue about what a former employer can do to cause you harm if you applied for unemployment insurance.

Dec 29, 2005 3:39 pm

sorry, just noticed that your post was from 11/26, so by now everything I've said is probably pretty moot.  Hope you've got a job by now!