Collecting unemployment after being fired
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?
HOLY CRAP DUDE. Go work at walmart or something so you can pAy the bills. Study at night for CFP. THEN go indy
Ray Jay gives you a salary plus comission for 2 years. BrokerRecruit here is a RJ recruiter.
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.
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!