New York Securities Fraud Lawyers Blog
“My broker dealer wants me to meet with its lawyers.” This is the start of a FINRA registered representative’s worst nightmare.
Your heart is pounding and your head starts to race. “Why me?” “What do they want to know?” “What could I have done?” “Are they going to ask me about the XYZ account?” “I’m sure that I did everything right and by the book, didn’t I?”
If you did do something that may have been a violation of the law, FINRA Rules, or the firm’s manual, you will likely begin to think about the potential punishment (fine, suspension, termination) even before you hang up the phone or close the door to your office. Once an investigation into your conduct starts, you are not able to leave with a “voluntary” termination, but at best would be “permitted to resign during a firm investigation.”