Has anyone recently left WFA (wachovia securities bank platform) voluntarily during the FAIT program for another competing firm? Will WFA come after you to recoup any training costs? If you follow protocol can they freeze your license because of a non-compete? Any experiences or insight will be greatly appreciated.
Thanks Legend. I’m assuming by your reply that you feel it would be on a case by case basis. I have a good relationship with my manager(s). Do you think being upfront with WFA about my plans is the best way to go about the transition or just hand them a letter of resignation and wait for them to see the acats?
Carefully read your contract. Firms are currently going after promissory cases that are under 20k.
You are taking a big risk if you aren't getting upfront money from where you are going since they could come after you and disrupt your transition. Move with caution.