Does anyone know or work as a stocker broker and can answear this. My neighbor was arrest for assault and battery this past weekend, and monday the Judge signed a warrant for his arrest for Criminal Trespassing. These are misdomenor offenses but will be on his criminal record if found guilty. He told the Judge and police he was a Wall Street Broker, we live in SC. The Judge that issued his bond and signed the warrant said he was really worried this could cost him his job. I want him to know I am taking this serious and sounds bad but I would love to see him lose him license. Anyone know if that might happen or was he just tring to get the Judge to feel sorry for him.
Also is their anything I can do to speed this up, I am guessing that any license he needs is a matter of public record. But thats a gues.
2007-06-07 13:06:15 · 4 answers · asked by misty m 4 in Business & Finance ➔ Investing
Okay, I should of said, my neighbor assaulted me.
2007-06-07 13:26:07 · update #1
The first thing that I want to point out is that Wall street is in NYC, why is he living in SC?? If he is just a financial advisor, he most likely will not lose his license. The NASD can pull you series 7 for a felony (within the last 10 years) and a misdemeanor (with in the last 5 years) on security related misdemeanors. The reason why the limit it to “security related” is because a speeding ticket is considered a misdemeanor. I know people that have there series 7 and have been arrested for the same thing. The NASD does not “like” there registered reps going out and doing dumb things, but they will not “ban” them from the business because of a fight.
If you want to do something, I would call his compliance department and let them know what happened. His compliance department might suspend him and/or terminate his employment. That is the only thing that you can do related to his job. I know at the firm I work for, we hold a high regard to our reputation. If I went out and get in a fight, I would probably lose my job. Best of luck
2007-06-08 02:37:35 · answer #1 · answered by eshie 3 · 1⤊ 0⤋
OK yes he can loose his license depending on the severity of the conviction however chances are that seen as its going to be a new conviction, he will almost certainly loose it.
Under NFA and NASD rules you have to have a clean record however, under certain circumstances this can be ignored as in a case where as a teenager you committed an offense.
I don't know what your grievance's are however, its his livelihood and I'd be awfully careful how far you push a rat in a corner.
2007-06-07 14:26:13 · answer #2 · answered by andyjh_uk 6 · 0⤊ 0⤋
Becoming an economist or getting a specialized degree in finance can help but nothing beats discovery and having a mentor. Becoming a broker is more about sales then securities.
2016-05-19 04:59:33 · answer #3 · answered by ? 3 · 0⤊ 0⤋
i think he should get a free consultation with an attorney. right now he is not convicted of this. maybe he can keep continuing case and the person will complaining will not show up and it will be dismissed. best if he can win the case and get it expunged from his record. unfortunately the lawyer will cost money but i think it's money well spent. good luck.
2007-06-07 13:16:56 · answer #4 · answered by Mildred S 6 · 0⤊ 0⤋