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Uvest problem

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Sep 21, 2009 3:20 pm

Hi all. as of 6-1-09 i got into it with the head of compliance at UVEST.  Needless to say she was trying to get me to confess to a “non geniune signature”.  I told her I would have the client to answer this and I did. She got super mad and I felt very threatened by her tone and her raising her voice.   As she went on she stated uvest didnt want to hold my license and I said I quit.   now 3 months after the fact and a call to get my U5 it said permitted to resign. No other questions were check on the u4.   Uvest claimed they did send out the u5 but to an old address and they got it back.   so finra sent a letter but it was wrong. 

  I now have to respond to finra about the "non genuine signature" I would like some good opinions about this.  Of course finra is threating me bad actions if I dont respond.  Any help will be greatly appreciated.   I am attempting to get hired on by two firms now.  Thanks    
Sep 21, 2009 6:09 pm

I think I would be kissing some Finra a$$ right now. I believe it is the reps responsibility to make sure your current address is correct on your u4/u5. They may be already looking at you as a "problem"

What was the main reason they didn’t want you there? Was the signature a real issue? Why has it taken so long to place your assets somewhere else? If you can give us more info we may be able to point you in the right direction.

Sep 21, 2009 6:10 pm

by the way -I just looked at Uvest’s website. The “folks” they have on their website are the same models that were used a few years ago in an Atlanta property scam. I used to see their pictures all the time in their Newsweek ad.

Sep 21, 2009 8:50 pm

I not sure what you mean about a property scam.  Uvest got mad when I didnt respond to them I had the client write a statement saying it was his signature.  Of course thats why they said i didnt comply.  Anyway I just spoke to finra atty and im good right now. they do want me to write something as well. Thanks

  Any atty willingly to help out?
Oct 28, 2009 10:29 am

Its a good idea i have ever heard about this issue…