Employment Contract

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May 30, 2005 9:58 pm

Just looking for any advice on how to deal with an employment contract obligation after one year.  If I leave the firm and decide to work at another position that isnt in financial SALES but does require a series 7, can I be sued?


Has anyone had any experiences with A.G. EDWARDS?


Any advice on going independent later on?


Can I just take the exam again to avoid my obligation?



Thanks for any help.



May 30, 2005 11:23 pm
Tycoon13:

Just looking for any advice on how to deal with an employment
contract obligation after one year.  If I leave the firm and
decide to work at another position that isnt in financial SALES but
does require a series 7, can I be sued?


Has anyone had any experiences with A.G. EDWARDS?


Any advice on going independent later on?


Can I just take the exam again to avoid my obligation?

Thanks for any help.



The reality of the American justice system is that it costs more to bring most suits than could be recovered.


Employment contracts are normally ignored if you have given the
employer a fair shake and are not being arrogant in your departure for
greener pastures.


On the other hand, if you made a deal to switch to another your new
employer may find themselves faced with a refusal to transfer your
license unless your agreement is honored.  Normally the new
employer will pay that for you, it's often considered to be a probable
cost in the transition package that is offered.


Taking the exam again is not really an option--it's your license that you need to move, not your test score.