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Dec 22, 2005 3:58 pm

[quote=mikebutler222]

I was making fine progress and loving life, then I made the second biggest mistake of my career. I accepted a check and joined a friend how had just left ML to go indy. He needed me even though he was better than 20 years in the business, because he had a checked U-4 (mine, to this day, is perfect) and the B/D he wanted to clear through (no longer in business) wouldn’t allow him to do it alone. Later they changed the OSJ procedures, they required me to get the Series 24 and monitor his trades and his phone calls in addition to his written correspondence. Having my name with his to open the office was one thing, having to take supervisory responsibility for him, while I had no authority over him and FOR NO PAY, was another all together. I was very, very unhappy to say the least, and worse yet, he felt like all checks on him were gone, he went wild. A couple of factors came together, my dissatisfaction with him, and an illness in the family, caused me to resign and move.

This is really good avice Thanks for sharing it! And your honesty!

I have only met two people that have excepted big checks and both of them have regretted it!

Marry X-mas 

Dec 22, 2005 5:37 pm

[quote=mikebutler222]

[quote=skeedaddy]Can we call you Steve now? [/quote]

I suppose if we call everyone else by their real name. This will pass, I'd just as soon be called by my screen name, unless you care to give us all the details about you and your career 

[/quote]

and don't forget his shoe size.....

Dec 22, 2005 5:53 pm

Mike:  If ever anyone deserved a beat down it is the freak who posted all your information. 

Now, since I am leaving today and wont be back until 2006, I would like to say one more time for 05...Edward Jones sucks. 

Dec 22, 2005 7:03 pm

I don’t care one way or another about Jones, but that was pretty funny.

Dec 22, 2005 7:07 pm

[quote=mikebutler222] ...unless you care to give us all the details about you and your career  [/quote]

I really feel bad about the invasion of your privacy, that sucks.  Maybe there's more to the story, maybe not, but it sounds like you have a very good idea about who the culprit is.  Since I'm a betting man, I'm sure you'll be giving serious thought to some sort of retaliation.

I took a check for $112,500, back in 1994 with a 4 year clause.  I left after 2 years, and the firm came after me legally.  I obviously didn't have the money.  I had purchased my first house and set up my wife in a business.

It was pretty ugly for me during that time.  But there's a good end to the story.  Of the $112,500,  I actually paid back only $7,500 and the house I bought for $375,000 is now worth about $1,750,000.  And the wife is doing pretty well in her business too.

Morale: Don't give up.  Even when things look sh*tty, tommorrow's another day to start fresh.  And you reap what you sow.

Mike, Stan, Steve, have a Merry Christmas. 

Dec 22, 2005 9:36 pm

[quote=skeedaddy2]

[quote=mikebutler222] ...unless you care to give us all the details about you and your career  [/quote]

I really feel bad about the invasion of your privacy, that sucks.  Maybe there's more to the story, maybe not, but it sounds like you have a very good idea about who the culprit is.  Since I'm a betting man, I'm sure you'll be giving serious thought to some sort of retaliation.

I took a check for $112,500, back in 1994 with a 4 year clause.  I left after 2 years, and the firm came after me legally.  I obviously didn't have the money.  I had purchased my first house and set up my wife in a business.

It was pretty ugly for me during that time.  But there's a good end to the story.  Of the $112,500,  I actually paid back only $7,500 and the house I bought for $375,000 is now worth about $1,750,000.  And the wife is doing pretty well in her business too.

Morale: Don't give up.  Even when things look sh*tty, tommorrow's another day to start fresh.  And you reap what you sow.

Mike, Stan, Steve, have a Merry Christmas. 

[/quote]

Nice house!

Merry Christmas and Happy Hannukah to all.

Let's put this sordid affair to rest.

jg

Dec 28, 2005 6:14 pm

Fine, but Put Trader is involved in this somehow.

Dec 28, 2005 10:18 pm

[quote=maybeeeeeeee]Fine, but Put Trader is involved in this somehow.[/quote]

hmmmm.....is it YOU???