OSJ in trouble - Borrows money from reps

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.
Apr 13, 2010 11:09 am

New to forum - I am really concerned about this.  I know that you never borrow money from clients, but this bothers me greatly.  If a supervisor has borrowed money from a down-line rep, it seems that maybe he is no longer going to supervise as he normally would.  I could not find any SEC / FINRA guidelines on this.  I don't remember seeing this on any test, but it just seems wrong.  I can't inagine that a Broker-Dealer would approve of this.  Can anyone shed light on this.  Just for clarification, he has not borrowed money from me.

Apr 30, 2010 12:28 pm

I wonder why there are no replies to this question??