working full time at RIA while having licenses elsewhere Commented on: 2 years ago (April 14, 2012)

Both the RIA and broker-dealer have to approve your dual-registration/association but most BDs prefer not to do so.  Also, some states don't permit dual-registration.

Florida U5 reveiw takes forever Commented on: 2 years ago (April 14, 2012)

Unfortunately Florida takes a manual process to review disclosures.  It can take 3 months.  Have you had any direct contact with the state?  Have they requested documents and/or...

finra u4 disclosure Commented on: 2 years ago (December 29, 2011)

Though your attorney may be correct on the conviction it would appear that your CHARGE is disclosable.  As a former CCO I've seen many cases where the rep got incorrect or incomplete advice...

working for two companies, conflict of interest Commented on: 2 years ago (December 29, 2011)

If they find out you'll most likely be termed for cause with a perm mark on your U5.  A term comment could read like: dual employment (association) without approval OR failure to disclose...

Office Closure and Promissory Note Commented on: 3 years ago (December 6, 2011)

If management forgives a prom note, get it in writing however, you may still have an argument for management amending the note if you can prove that is what was conveyed and you relied on that...

statutory disqualification...why now, what now? Commented on: 3 years ago (October 18, 2011)

The problem with going for a review is that the firm has to want to do it and sponsor you.  There's an expense for the review and IF FINRA approves the BD would be subjected to ANNUAL...

Reasonable Legal Fees? Commented on: 3 years ago (October 5, 2011)

I'm confused -- the panel granted a motion to dismiss and the case is still pending?  What was dismissed?  A suggestion perhaps the client try to negotiate restructuring the fees towards...

U4 amendment issue Commented on: 3 years ago (October 5, 2011)

It will depend.  There's a $300 late filing fee for filing 30 days after the last day to file.  The late filing may just be picked up as a cycle examination deficiency for the BD or may...

Changing firms Commented on: 3 years ago (October 5, 2011)

If you join your new firm and have not yet resigned from your old one then you may have given either firm cause to terminate you for maintaining associations with two separate BDs without...

Lapse in Insurance License - Question about U4 disclosure. Really need help --Thanks in advance Commented on: 3 years ago (October 5, 2011)

If a regulator notifies you and states the they are "investigating" you or that you are the "subject of an investigation" then yes, that is reportable.  The fact that your insurance license...

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