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OSJ in trouble - Borrows money from reps

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Apr 13, 2010 3:09 pm

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.

Apr 30, 2010 4:28 pm

I wonder why there are no replies to this question??