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I messed up and need to know how bad and what to expect

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Sep 1, 2010 10:34 pm


Sep 1, 2010 10:43 pm

Good grief...what a blockhead you are!

Sep 1, 2010 10:47 pm

[quote=Charlie Brown]

Good grief...what a blockhead you are!


I do realize what I did was very stupid. But I would appreciate something that might actually help me. If you are going to say get out of the industry or anything like that I would just assume you could please keep those comments to yourself  as they will not help me. Thank you to anyone who could say something some what beneficial to me.

Sep 1, 2010 11:04 pm

There are two threads? See other post. Don't panic.

Sep 3, 2010 8:24 pm

Good advice, I'm sure.

Bill, if I take it from your post that an assistant who is a registered rep bears full responsibility for actions - if any rr keeps a spreadsheet on their desktop (which is likely a violation of internal compliance policy), and then mistakenly sends it out, there is no "recourse".  (likely grist.)

Sep 3, 2010 8:26 pm

Bill, easy on the fella. Either way, this crap, or the job for the matter, isn't the end of his world. Sounds like he's a 20 sumthin, and shouldn't consider the hot leaded mouth pipe just yet...

Sep 3, 2010 8:38 pm

Ha. I heard a commentator the other day, talking about how only the big guys get scrutinized. (Little guys just get canned.)

I'm sticking with my suggestion to talk to a junior labor lawyer at a big firm. You were just plain treated badly. Ask Jr. if he will work on contingency. Big is right, there are a lot of things to feel bad and **** your pants about, this isn't one of them. Fight back, but move on, like BG says. It's always better to resign and not have the mark than to be fired and have a bad taste. A nice severance and unemployment would be good too. Don't feel paranoid about what you shared here, we Americans and we have rights. Whatever happens, you are a good person and things will turn out all right. I feel ashamed to be associated with an industry that gets to treat you this way, this country is becoming way too PC.

Sep 3, 2010 9:18 pm

The big guys can do whatever they want.  That's why it's SELF REGULATORY. I can't imagine that you could resign as they probably won't give you that option.  It all depends on who you are.  Several people in my office made unauthorized trades, forged signatures & one even EXPOSED private parts to us but they don't have a ding on their U4.  Depends on your BM.  God Bless & Good luck.  I pray you don't need it.

Sep 4, 2010 12:03 am

Thanks, great perspective, Bill.

You're just the messenger, and a good one, but it's totally absurd that a young man who is biding the work of broker pushes the wrong button and needs to seek specialized counsel to defend his right to support his family by working. Pay for that counsel while suffering a loss of wages that was being used to subsidize a first generation pizza restaurant. Maybe his unemployment insurance is messed up by the firing.

Even if the story is different, the facts are substantially the same.

There was another thread here recently about how young people find it difficult to become established in the industry. If I was this young man, I would consider running as hard and far away as possible from continuing a career in the histrionic self serving b/d world. Better to sell pizzas for cash.

A lesson for all young people; seek to have control in your work.

I can tell you, this story does not make me want to take the risk go out and hire a licensed junior RR for my own small practice, because if firing this guy is the appropriate solution I would have found another way and I fear it may have taken me down. Even if it could be resolved by spending ten thousand bucks in legal fees, you gotta be kidding.

Sep 9, 2010 6:05 pm