Training costs

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Oct 1, 2008 12:37 pm

I recently left a brokerage house were I was not very sucessful. ( less
than a year in the business and only three in production). I have
another opportunity at another firm. If I pursue it and transfer my
licenses, will the former firm come after me for training costs. I am
not transfering assests.  

Oct 1, 2008 2:01 pm

You need to pull out your contract and read it carefully.  If you’re still confused, take it to an attorney.  He will better answer your question than anyone here can.  Any answer we give you is pure speculation.

Oct 1, 2008 3:11 pm

Be Nice Ice…you know the answer is D. What do I win?

Oct 1, 2008 7:56 pm

Of course I have read the contract and I understand what it means. What
I was curious about is whether anyone has known of anyone who has gone
through this? How agressive are firms when it comes to pursuing
training costs from brokers who move to other firms.


Oct 1, 2008 8:01 pm

Have you done a search of past posts?  Lots of relevant info if you look.

Oct 3, 2008 11:44 am

Thanks for the links.

Oct 25, 2008 1:32 pm

Most firms know this and pick up the tab. At least I know MS does so said the manager I spoke with.