Registered with 2 firms?
3 RepliesJump to last post
Is it possible to be registered with two different B/Ds? This may sound like a ridiculous question, but I know someone that I looked up on FINRA brokercheck that was registered with Edward Jones AND Merrill Lynch
How is this possible?
PS - He also got his can sell less than a year ago. I don't think EJ would be very happy
More than likely he is in transition. That's the only time I have ever seen this. I would check back in a week or so.
It is possible, but it requires the approval of both firms. N.D. is right in that the new firm may have processed the rep's U-4 and the old firm hasn't processed his U-5 (they have 30 days). Dual registration happens most often when a function is outsourced (e.g. a FINOP prepares books and FOCUS reports for several smaller B/Ds).