Help need advice on Black eye

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Sep 21, 2008 2:45 pm

 I am a 26 year old advisor that just got a big black eye from a wirehouse.  They 

alleged that I made an unauthorized trade and unauthorized account opening.  This is total crap and there were no client complaints.  It is clear that they were just looking for a reason to get rid of me for I was not one of their golden haired children.  The U-5 says unauthorized trade and unauthorized account opening.  I love this business and want with every ounce of my being to stay in it.  Though, it has been clear that it will be very hard to get another broker dealer to pick me up with this on my U-5.  I am looking for anybody to advise me on what I can expect how to go about dealing with this and staying in the industry.  I know the only way to get this off of my U-5 will be arbitration unless anybody else has some good ideas.  Please I need facts not opinions I have been given so many opinions I am not sure what to do.

Sep 21, 2008 4:32 pm

Here’s a fact: if you want to DO anything about this you need to hire an attorney with securities industry experience.  The sooner the better. They will advise you of your options.

What are you waiting for?