Did you really think that they would leave clients “uncovered” for a week or more? 

This is America, and despite anything your FORMER manager from your FORMER employer may tell you, you are free to call anyone you like.  What you need to be careful about is soliciting them, but that is a moot point if you currently have no b/d or RIA to affiliate with.  Yo can’t solicit them if you can’t do business with them.  So first things first.

Don’t waste time tilting at windmills.  Of course ML will try to reassign your accounts.  They are legally obligated to make efforts to service those accounts.  And of course they consider those clients to be clients of the firm.  Who cares?  Doesn’t matter a bit.

If you have any thought of staying in this business or keeping some of your clients, you need to quickly affiliate with someone, presumably another b/d, get your licenses tranferred over, and start calling to move clients to your new firm.  Every day you delay reduces your chances of keeping clients.

I know this is tough.  It sucks.  it’s not fair.  But if you allow yourself to be paralyzed by grief or anxiety or inaction for the next few weeks, you options will be much reduced.

When the going gets tough …

Typical Merrill EMPLOYEE.   Whatever Mother Merrill says they believe

[quote=younggunz]I was one of the many that got cut from the training program and I never missed a hurdle.  This is not why I’m writing this.

When I got cut I was told by my RD that I was still an employee until february 6th, but I can not call my clients nor will anyone contact my clients.  I can also come into the office if I’d like.

I have just learned that my accounts and the other trainees accounts were distributed today to the other brokers. 

Also I heard that the official day for the cuts was february 6th for the trainees, but since we had brokers leave our office they didn’t want to distribute us accounts and have us leave 2 weeks later.  When I spoke to my RD he backtracked and tried to say that the clients are owned by the firm.  He said I was not able to call my clients, but after drilling further with him and getting upset by him lying to me, he then told me he doesn’t see much harm in me letting them know my situation.

I don’t know what management told the rest of you guys, but just beware they are doing this very unorganized and your clients aren’t safe. 

[/quote]

Don’t worry. I’m sure your parents will move their account with you.

"I have just learned that my accounts and the other trainees accounts were distributed today to the other brokers. "

what did you think was going to happen to those accounts, genius?