OSJ in trouble - Borrows money from reps
New to forum - I am really concerned about this. I know that you never borrow money from clients, but this bothers me greatly. If a supervisor has borrowed money from a down-line rep, it seems that maybe he is no longer going to supervise as he normally would. I could not find any SEC / FINRA guidelines on this. I don't remember seeing this on any test, but it just seems wrong. I can't inagine that a Broker-Dealer would approve of this. Can anyone shed light on this. Just for clarification, he has not borrowed money from me.