Help?

What did they put on your U5?

That sucks...sorry.  Five years of business is a lot to leave behind.

What about claiming you're an alcoholic and entering rehab or someting.  I don't know but my question is can one be fired for an addiction? 

I would be thinking LPL.  Best of luck. 

Are you sure that you got fired for being intoxicated as opposed to intoxication being an excuse to fire you?

Something tells me that a well-liked successful producer would not lose their job over this.

What did you do, barf on Jim Weddle’s wingtips?

Honestly I’m with anonymous…I smell a troll…

Advice? Go have four fingers of the best single malt you can find! Better yet, make it a double! Don’t let this business interfere with your drinking.

He's probably not a troll.  Jones is pretty hard line on stuff like that.  He wouldn't be the first to get termed.  However, it was probably not his first offense (my apologies to New Life if it was).  We have guys in our region that get really drunk every year, but don't lose their jobs.  He had to have done something else while he was drunk to bring the full force of HR down on him like that.

New Life - In answer to your question, yes, you still have a non-compete clause (I checked Jonesnet for you).  If it were me, I'd go indy.  If your book is that profitable and it will go with you you might as well get a bigger payout.  If you like the corporate backing have lunch with all the recruiters you care to stomach.  Pick whichever you think offers your clients the best platform and you the most opportunity for growth.   

[quote=New life]I was terminated from "the best company to work for in America" in the financial services industry for being overly intoxicated at the regional meeting.[/quote]

Geez...what's next?!! Assuming there's nothing else you aren't telling us, why don't they fire all the fat reps for going through the buffet line three times?!!!

LPL or RayJay appear to attract a fair number of EDJ reps.  LPL has a lower production minimum ($125K VS 250K).  Here's the best advice you'll get...TIME IS MONEY.  You need to find a new firm ASAP and get your license transferred and start talking to your clients.  Every second that passes, you are losing clients and credibility.  The reps I've seen make the most successful jumps were those had had prepared well, walked out, and got relicensed with their new firm the same day.  Obviously, you can't do that, but YOU MUST MOVE QUICKLY.

...and you might want to swear off the sauce for awhile...for a variety of reasons...

[quote=Malcolm]

That sucks...sorry.  Five years of business is a lot to leave behind.

What about claiming you're an alcoholic and entering rehab or someting.  I don't know but my question is can one be fired for an addiction? 

I would be thinking LPL.  Best of luck. 

[/quote]

You can't be fired for an alleged addiction. You can be fired for observable and measureable misbehavior.

I agree with Indyone.  You have to find a place to hang your hat quickly.  You have to be getting calls from clients asking about why another rep is calling them.  The quicker you get transitioned over to another b/d, the better.

New Life.  Control yourself. Just because the booze is free doesn't mean you need slurp it up and get out of hand.  Save that kind of activity for home.    Seriously you must have been doing a repeat performance for them to fire you for being drunk.  They wouldn't just can you for the first time you got drunk.

However, as Indyone says.  Find a new B/D immediately and begin contacting your clients.  EDJ is right now calling everyone and insinuating all kinds of bad things about you.  Be proactive.

I still want to know what they put on his U5.

Amended: Exceeded two beer limit at regional meeting. Dismissed!

 how can  the company be rated "the best company to work for in America" if you can't get smashed at a regional meeting?

what is being put on your U5 is a very good question.

you gotta tell us what happend...did you have a fight with someone (verbal or physical)?

New life- I know this is going to be hard for you to grasp but EDJ treats its employees like crap. Unfortunately, you know this first hand. They can take up to 30days to file your U5. So your only option right now is not to interview with anyone. Go into rehab, and get your life straight. This is a wake up call. Hire an attorney, and have your friends and family call your old office and record what they say about you. Collect unemployment. You may never know the true reason they terminated you chances are they will be something non descript on your u5 like conduct unbecoming a financial advisor non securities related. This industry is unfair to the registered rep. It's like working for the mafia. They can put whatever they want on your U5 and you can challenge it, but you will most likely loose. Take your money out of profit sharing payoff your bills. Join AA. your status with Jones is your going to get divorced. You can fight for your clients. But there comes a point in all divorces where the anger is self defeating. Change towns, change occupations if you can. You will be able to get over Jones sooner. Best of Luck

If you have to get a disease, alcoholism is a good disease to get.

I smell a troll.  There are plenty of drunks in this business.  Drug addicts, Sex addicts you name it.

Maybe they fired him for being stupid.  Cause that is just stupid.

Geeze advisor1, leave town? That's a tad harsh in'it? Change occupations?

The lesson here is, alway have a copy of your book (at very least names and phone numbers) somewhere outside of the office. In the past five months I've had two guys talking to me who had not one shred of a book when they were unexpectedly terminated (everybody else knew they were likely to get term'd by these two were particularly stoopid).

How do I find out what they put on my U-5??

I am sure there is something else behind this but can only go on what has been said to me.  I did talk to the person that reported my behavior and she said that she was sorry that she was only concerned about my welfare.

NO. I am not going to take a month off to seek rehab.  The problem is NOT with my consumption on a daily basis.  I was having fun as everyone was on that Saturday night. Maybe I went over the top but that happens.  I have seen fist fights in which no one gets terminated.

My question is what to do next?  If Indy is the route how do I proceed?  I can not see myself working for the local bank.  Which company has the best platform for a former Jones broker?  Am I going to be slapped with a non-compete as soon as I move?  Do I get a 24 license or hook up with someone to be my manager?

This is a frustrating situation and I do appreciate comments. 

Find a local indy and hook up there ASAP (best if you know/like the guy. Let him know upfront that he is a way station.) Consolidate your book around you and then you can make a deal somewhere.

I have seen fist fights in which no one gets terminated.

First of all, you probably shouldn't have popped the regional leader in the snoot (he probably deserved it) and grabbed his wifes boobs.  Just kidding.  I hope.

Whomit has the ticket.  Check the yellow pages for any indy firm and explain the situation.  You should be calling any of the clients you can right now and explaining that you have made a career decision to move onward and upward.

you're asking for help, but you're not telling us what really happend.

How do I find out what they put on my U-5??

NO. I am not going to take a month off to seek rehab.  The problem is NOT with my consumption on a daily basis.  I was having fun as everyone was on that Saturday night. Maybe I went over the top but that happens. 

See, I agree with you. Rehab ain't the answer. First, get legal representation (start with our local attorney at the very least (see legal section). Second, get your client list ASAP including all pertinent account information and a proof of production run for your last twelve months. Third, start contacting various indy firms or read these threads, perform due diligence, and interview the top three firms that seem to fit. Make your decision and don't look back.

Good luck.

This was funny. REALLY funny. Made my day funny. 

I can just see EDJ firing a growth broker because he was drinking at regionals. Yeppir! Sure.

Please rookies. Do your research.   

GolFA is recruiting Jones reps for his indy practice. Paid 12 step program could be  part of the bonus incentive.

[quote=Whomitmayconcer]

The lesson here is, alway have a copy of your book (at very least names and phone numbers) somewhere outside of the office. In the past five months I’ve had two guys talking to me who had not one shred of a book when they were unexpectedly terminated…

[quote=Spaceman Spiff]

 He had to have done something else while he was drunk to bring the full force of HR down on him like that.

New Life - you should be able to go to the NASDR site and do a broker check on yourself to see what they put on your records.

[quote=New life]

I am sure there is something else behind this but can only go on what has been said to me.  I did talk to the person that reported my behavior and she said that she was sorry that she was only concerned about my welfare.

NO. I am not going to take a month off to seek rehab.  The problem is NOT with my consumption on a daily basis.  I was having fun as everyone was on that Saturday night. Maybe I went over the top but that happens.  I have seen fist fights in which no one gets terminated.

[/quote]

I think this is a good lesson for everyone to learn at New Life's expense.  What you do and consume on your own time at your own risk is your business.  Just because someone throws a bunch of alcohol at you at a company function doesn't mean you need to consume all of it.  I don't drink often, but I would think common sense would say don't drink too much if there are people around who could have an immediate and serious impact on your career path.  

At Jones Regional Meetings you might have 2 or 3 GPs plus the RL.  All of them are in a position to end your career quickly if things get out of hand.  Jones likes to try to keep our image squeaky clean,  so public intoxication isn't tolerated.  We've had more than one GP lose their status because of it, so it applies to everyone.  At our Regional this summer we had a couple of guys who were asked by the RL to go back to their rooms Saturday night because they'd had a few too many.  Better the RL than the GP.

"What you do and consume on your own time at your own risk is your business."

But BTW, if you use your FMA debit card at the liquor store and the bars and so on... If they want to, they will access those records and use it as evidence against you.

Of course, if you needed to turn the table on them you might say, "Gee, couldn't they see all the hundreds of dollars I spend in bars and booze stores every week?" And so the firm might play offensive defense (a pre-emptive strike if you will).

Spaceman although I agree with your statements. Jones has been known to fire other people for less obvious reasons. I have long believed and will say again EDJ model of business is flawed. You cannot manage people from miles away with emails and phone calls.

In my old region EDJ fired a 15yr veteran while she was in the hospital. Thats the kind of misogynistic organization they are.

I'm sure everyone here knows of at least one case of abuse at EDJ.

Rumor has it the GP's kids run rampant using the corporate cards...hang out at the Jones suite at Busch Stadium and drink and eat on the company or the backs of the brokers who are going broke working for them. What a joke this company is...

Sorry to burst your bubble spears, but you can't just "hang out" at the Jones suite at the stadium.  An invite to the suite is hard to come by and I'm pretty sure they don't waste a lot of those tickets on GPs kids.  Nice try though. 

The lady in the hospital is a sad story.  What, was she in a coma and couldn't call her office for months on end?  Nobody, like her BOA, knew where she was?  It would take a while for anyone at the home office to figure out she wasn't coming to work.  In fact the BOA would have to call and voice some concern about her missing FA.  I don't have any grounds to say you're wrong, but something in that story stinks.

The HR part of the things you guys are brining up  

Sorry, wrong key. 

The HR part of the things you guys are brining up are only known to a few people and by law they aren't talking.  So what you may see as a wrongful termination, has probably been well documented and a long time coming. 

I heard it first hand, and it wasn't just Busch stadium...Fox and other venues around town...so YOUR wrong...or you just don't know...

OK, fine.  You're right, I'm wrong.  Happy?

So...you talked to a GP who said "Yeah spears, it's great being a GP.  I get my kids into ball games, concerts, plays, anything I want.  Pull a few strings, use the ol' corporate credit card and let em run.  I love the green and white.  Best thing about it is that nobody audits my receipts.  Boy I'm really sticking it to those dumb brokers.  Hey, N-SYNC is in town, you wanna go?  Oh, you've already got tickets.  Front row!  Really!  Cool, see you there."   

I had a successful business owner tell me many years ago..."The more people you push aside or down on your way to success..the more drag those pushed aside will be...and ultimately they will drag you down...ultimately to failure"  Do you feel the drag Spiffy....I'm glad I could allow the GP flunky kids to drink on my 65%...

Spaceman-well documented yes, by Jones. Here is the truth. RL now GP public humiliates an IR in his region at a Regional Meeting because he stutters when making a speech. Absolutely devastes this guy with no remorse. Humiliates others including women and minorities. Is he fired no he gets promoted to GP.

Another IR a transfer broker with EDJ 10+ years very successfull. Goes through a nasty divorce where his wife leaves him after 20 years of marriage. Goes into a slump and can't get out of it is fired for lack of production.

The women I mentioned earlier wasn't in a coma she had a surgery, and was only gone from her office 3 days.

Whatever reason you think EDJ is justified in getting rid of these people is an excuse to grab the assets of the office and realocate them to other IR's who lick the butts of the powers that be.

bspearsfan, did they ever find a replacement for your replacement?

“Norton, my pal… Be nice to the people you meet on the way up! 'Cause they’re the same people you’ll meet when you’re on the way down!”

Ed pwns…Not sure…Client called today and said he and his golf buddies drove by the store and it had a big CLOSED sign in the window…

Does Larussa work for Jones.  How else can you explain his dipsh*ttedness…

[quote=advisor1]

Spaceman-well documented yes, by Jones. Here is the truth. RL now GP public humiliates an IR in his region at a Regional Meeting because he stutters when making a speech. Absolutely devastes this guy with no remorse. Humiliates others including women and minorities. Is he fired no he gets promoted to GP.  - There are pricks in every company.  Care to share a name with us on who this GP is? 

Another IR a transfer broker with EDJ 10+ years very successfull. Goes through a nasty divorce where his wife leaves him after 20 years of marriage. Goes into a slump and can't get out of it is fired for lack of production.  -  So, let's say you are the RL.  You have an office that isn't producing for whatever reason, divorce, drugs, alcohol, laziness, etc.  What do you do with it?  Let it go.  If the guy isn't producing he's going to eventually lose AUM and cost the firm $$.  I'll bet it didn't just happen overnight.  He had to go into serious lack of production ($7K-8K gross/month) for a long period of time before Jones puts him on goals and then terminates him.  I'm suprised they didn't offer him a home office job that wasn't production related until he could get his head back into the game. If he was that great of a producer they probably would have put at TR in the office to keep things going until he was ready to step back in.    

The women I mentioned earlier wasn't in a coma she had a surgery, and was only gone from her office 3 days.  - Sorry, I don't buy it.  I could be gone this whole week and Jones wouldn't care. In fact I went to Disney World with my kids this spring and I didn't get fired for it.  I didn't even have to tell anyone I was going.  There's more to that story than what you're telling or you just heard a small part of the story.   

Whatever reason you think EDJ is justified in getting rid of these people is an excuse to grab the assets of the office and realocate them to other IR's who lick the butts of the powers that be.

[/quote]

Jones doesn't just fire people.  You almost have to go out of your way at Jones to try to get fired.  I've seen it at the home office and I've seen it in the field.  People can do next to nothing for a long time and Jones will give them a second chance.  Out of the thousands of FAs they've hired over the years I'm sure there were a few terminations that looked weird to an outsider, like the woman who had surgery, but they are definitely the minority.  There are a few things that will get your butt canned pretty quick, but they'd get you canned almost anywhere.     

Oh…Spiffy…don’t think they didn’t know you were gone…They know…they know everything about you…they can run a program on what key strokes you run…how many times you type COMM on the green screen…when the toilet flushes…they’re on to you…big time…I wouldn’t drive the same way to and from home…Just lookin out for ya…Spiff…wouldn’t want you to…suddenly…VANISH!

Do they know when you are in the act with your assistant? 'Cause that wouldnt be good…

[quote=blarmston]Do they know when you are in the act with your assistant? 'Cause that wouldnt be good... [/quote]

Especially if his assistant is another guy.

HAHAHAHAHAHAHA

I kill myself.

Okay Okay Lets get back on topic here people.

What is going to put on my U5?  How is that going to effect me future employment?  I know they have 30 days to report my U5 but does anyone know how long they usually take?

Thanks

[quote=New life]

Okay Okay Lets get back on topic here people.

What is going to put on my U5?  How is that going to effect me future employment?  I know they have 30 days to report my U5 but does anyone know how long they usually take?

Thanks

[/quote]

Sixty days--the fine for failure to file in thirty days is something like $25.

Contact your former manager and ask them to send you a copy when they file it--you have the right to see it.

[quote=New life] How is that going to effect me future employment? QUOTE]



I you Irish, laddy?

New Life-

Did you burn your bridges totally? I know it sounds weak but is there anyone that you could contact that could give you more information.

You know I even googled it and didn't find an answer. Try PM'ing the lawyer on here. He probably would have an idea.

Wait though... The best line of this whole thread was

"GolFA is recruiting Jones reps for his indy practice. Paid 12 step program could be  part of the bonus incentive. " Now that, was funny=)

[quote=New life]

Okay Okay Lets get back on topic here people.

What is going to put on my U5?  How is that going to effect me future employment?  I know they have 30 days to report my U5 but does anyone know how long they usually take?

Thanks

[/quote]

Usually if you don't have any other dings/complaints on your U4 and you can fully document that this dismissal is/was inconsistent with your past performance and conduct, you shouldn't have any problem getting on at another firm (indy or otherwise). I have seen brokers near criminal status get good positions at other firms despite their previous convictions. Advice - get good legal representation just in case. 

oldproducer:

Why yes I am thanks for asking.

Top of the mornin' to ya!

Okay. Thanks for the responses.  I have a clean U4.

What does anyone know about the amount of time they will seek for a TRO if they terminate someone?  Do I have any recourse in asking them to file the U5 any sooner?

You may must want to confirm it. What used to be “by request only” is now up for public display on the NASD website. I learned a lot! All those "maybe"s of the past are now available for the world to see!



Good luck!



http://www.nasd.com/InvestorInformation/InvestorProtection/C hecktheBackgroundofYourInvestmentProfessional/index.htm

Who called Joedabroker's mother?

Ma, if you're gonna yell at Joey, do it out here where we can all watch. Humiliation always helps 'set' the lesson.

What is it that we are always told?

"You run a profitable, ethical, and legal business and you have nothing to worry about."  Did I get that right?

I have to wait for EJ to file my U5 before I can be hired by any other firm or so I am being told.

U-5 cleared today. 

Any others terminated that can give advice going forward?  I will be going the independent channel within the next few days.  I want to avoid the temporary restraining order that is coming if at all possible.

You know good and well what really happened. 

[quote=TRUTHBETOLD]

<FONT face="Times New Roman, Times, serif"

size=3>You know good and well what really happened.

Larry said cake hole

Ya can follow my ip address, Larry

I'm Dicky Dolittle. well, at least that's what my girlfriend sometimes calls me  I call her ...nevermind, depends on what she serves for desert

Nancy - We knew you couldn’t stay away.

No Tell me what really did happen?  TRUTHBETOLD. 

Noone has really explained it to me.

Just ignore TRUTHBETOLD the troll.

TRUTHBETOLD or Nancy, you just got your walkin papers from the informal admin here!!!, next he will tag BOBBY HULL to make his move on you, mark my words, If you are called the code word Nancy then that must mean Laura or Larry, informal admin won't allow you here

and no need to call me gay, flaming fag ferris! just because I may have a smaller dolittle one

Snaggletooth, trying to help you man, get that grille fixed!

Get whils the gettin is good, Nancy TRUTHBETOLD! I don't need to be told twice, outahere!

In the words of Chuck Norris,

leading causes of death in the United States are: 1. Heart Disease 2. Chuck Norris 3. Cancer 4. If Laura/Larry (I know! I have his ip address!) calls you nancy, get the hell out of dodge! 'cause laura, larry or ferris don't allow any nancy's around these parts! Got that feller!  That's Nc y!!!

Chuck Norris, my homeboy!

http://www.chucknorrisfacts.com/  

invest in chuck norris memorabilia ya thank me for it later.

I'm the informal admin here, no one else.  Welcome back Flamingo.  Your stay here will be a short one.

[quote=Spaceman Spiff]

Sorry, wrong key.

The HR part of the things you guys are brining up are only known to a few people and by law they aren’t talking. So what you may see as a wrongful termination, has probably been well documented and a long time coming.

Okay Ashland.  How do you find out what HR put in to your file?