Bill, First of all, I find your posts VERY usful on this forum and one of the few places to get such information online. I have a suggestion that may reduce the amount of defamatory statements: an increased notification of such activities in a forum such as this to make such action detrimental to recruitment of further reps. If I knew, for example, that xyz firm has a long standing history of negative U5 statements, I’m less inclined to go there as an employee. Do you see any such trends happening to a greater or lesser degree according to a particular firm or specific to individual manager? (I seem to have heard a couple MetLife stories, which is of course anecdotal…)

The market does work in some area. I specifically turned down a wire house because the sales manager is apparently nutorious for entering negative information (most of which is too vague to be contested) into departing rep U5s.