Help!
Here is my situation and hopefully someone can provide some guidance. I was working for a mutual fund firm in 2007 and was terminated for violation of travel/expense policy. Basically, someone took one of my receipts, photocopied it and submitted it as their own. When I found out I did not turn them it but had them remove it from their report instead. Ultimately, I was terminated for not turning them in. So on my U-5 from that form all the questions that they ask under the termination section where answered “NO” but they did provide the cause for termination - what I stated above. I was able to get a new job with another fund family - they did a background check and had no issues with anything. My U-4 form on Finra.org is clean and does not show a termination on there.
My question is this, will this termination haunt me for life? Will other firms that I try to get jobs with be able to see that I was fired even though there is nothing on my U-4? I am happy with they job I have but I feel as though I may be trapped and not able to get another job with another financial servies firm.No, this shouldn’t haunt you for the rest of your life.
thanks for the great information
[quote=bc02eagle]Here is my situation and hopefully someone can provide some guidance. I was working for a mutual fund firm in 2007 and was terminated for violation of travel/expense policy. Basically, someone took one of my receipts, photocopied it and submitted it as their own. When I found out I did not turn them it but had them remove it from their report instead. Ultimately, I was terminated for not turning them in. So on my U-5 from that form all the questions that they ask under the termination section where answered “NO” but they did provide the cause for termination - what I stated above. I was able to get a new job with another fund family - they did a background check and had no issues with anything. My U-4 form on Finra.org is clean and does not show a termination on there.
My question is this, will this termination haunt me for life? Will other firms that I try to get jobs with be able to see that I was fired even though there is nothing on my U-4? I am happy with they job I have but I feel as though I may be trapped and not able to get another job with another financial servies firm. [/quote]There is always Primerica and Waddell and Reed. In fact, I think it is a necessary qualification to have something on your U-4 to work at W&R.
[quote=bc02eagle]Here is my situation and hopefully someone can provide some guidance. I was working for a mutual fund firm in 2007 and was terminated for violation of travel/expense policy. Basically, someone took one of my receipts, photocopied it and submitted it as their own. When I found out I did not turn them it but had them remove it from their report instead. Ultimately, I was terminated for not turning them in. So on my U-5 from that form all the questions that they ask under the termination section where answered “NO” but they did provide the cause for termination - what I stated above. I was able to get a new job with another fund family - they did a background check and had no issues with anything. My U-4 form on Finra.org is clean and does not show a termination on there.
My question is this, will this termination haunt me for life? Will other firms that I try to get jobs with be able to see that I was fired even though there is nothing on my U-4? I am happy with they job I have but I feel as though I may be trapped and not able to get another job with another financial servies firm. [/quote] You are fine. Just be honest with the situation and if some blow hard hiring manager has a problem with it you probably don't want to work for them anyways.Source URL:https://www.wealthmanagement.com/forums/general/help