u5 verces crd

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changae's picture
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Joined: 2007-05-27

I was fired from a  firm after arguing with a superviser. My u5 states I was fired for non-securities violation which is pretty vague. My crd reflects no actions and its been over a year since I've worked for the firm that fired me. My concern is- Will this prevent me from finding new employment? Does this also mean that My record isn't clean? Should I arbitrate or just leave alone since my crd is clear? I'm asking because I've been selling insurance alone without my security lisences but now I want to use them so I won't lose them.
Please help.

troll's picture
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Joined: 2004-11-29

changae wrote:
I was fired from a  firm after arguing with a superviser. My u5 states I was fired for non-securities violation which is pretty vague. My crd reflects no actions and its been over a year since I've worked for the firm that fired me. My concern is- Will this prevent me from finding new employment? Does this also mean that My record isn't clean? Should I arbitrate or just leave alone since my crd is clear? I'm asking because I've been selling insurance alone without my security lisences but now I want to use them so I won't lose them.
Please help.

What were you arguing with your supervisor about?

changae's picture
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Joined: 2007-05-27

I was working at a bank and was keeping a customers file at my desk and awaiting some new forms when she went through the file without me being around and without asking me wrote me up for not having filed this away in a timely manner.
I was fired for insubordination since I used a curse word during this argument. During the argument she didn't curse but often used vulgarity during conversationas and I feel she wanted to have a intimate relationship.
The point is I did nothing ethicly wrong business-wise and I'm worried that 'grayness' on my u5 is damaging.

changae's picture
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Joined: 2007-05-27

Thank you for replying.
My biggest concern is not sueing. I'm more concerned with the fact that the u-5 statement may prevent future employment. I'm worried companies may see this and not hire me in spit of the fact that my crd is clean. I want to know if I'm over thinking or should I be concerned? I don't have money for litigation and just want to secure a good job in the securities industry.
Thanks
p.s. I think you answered my question by stating it isn't a regulatory problem.
 

troll's picture
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Joined: 2004-11-29

changae wrote:
I was working at a bank and was keeping a customers file at my desk and awaiting some new forms when she went through the file without me being around and without asking me wrote me up for not having filed this away in a timely manner.
I was fired for insubordination since I used a curse word during this argument. During the argument she didn't curse but often used vulgarity during conversationas and I feel she wanted to have a intimate relationship.
The point is I did nothing ethicly wrong business-wise and I'm worried that 'grayness' on my u5 is damaging.

The way you two treated each other, it sounds like you need a divorce attorney!

anonymous's picture
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Joined: 2005-09-29

changae, are you successful?   Let's face it.  That will determine whether someone will hire you again.

doberman's picture
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Joined: 2005-02-22

rrbdlawyer:
On the other hand, should your U5 reach the desk of Compliance/Legal, most veterans would see the disclosure as just so much garbage and leave it to the business-side to hire or not.  Yes, a call will probably be made to the former firm to see if there's more to the story (did they sanitize the disclosure?), but as you relate the issue it seems your event is just so much white-noise.
--------------------------------------
Hey Bill, just a hypothetical: 
If Compliance calls the former firm and the former firm says that, "they did sanitize the U5 and the guy was a scumbag", could he have grounds to sue then? Wouldn't that "further explanation" exceed the limits of the U5 and be grounds for a suit? Otherwise, the former firm could claim that he was a suspected child molester and claim protection of speech, as it pertains to the U5.
Just wondering. 

doberman's picture
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Joined: 2005-02-22

Thanks for the reply, Bill!

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