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rep1234
Rookie Joined: Nov/03/2016 Status: Offline Points: 4 |
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Posted: Nov/03/2016 at 4:26pm |
Hi,
I am registered rep and an enrolled agent. I am currently contracted with PFS investments. I have my series 6, 63, and life/health. I am currently working towards by 65 and once that is done I am going to start studying for my CFP. I am mainly joining this forum to get advice about how to leave PFS investments ethically and legally which is a bit more complicated than I would have thought because of some other covenants that I have. Once I get some direction I'll post the full situation and explain why its complicated. I'm not sure where I'll be able to post my questions though as it appears "legal/compliance" is off limits to me at the moment. If I get good advice I'll probably stick around as this seems like a great place to learn. Any suggestions would be appreciated! Thanks for your time. |
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RIArules
Platinum Member Joined: Mar/15/2010 Status: Offline Points: 36498 |
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This place is pretty much sink or swim, kind of like the business. I'm sure you have chops to figure out how to gain access to the full forum, if you passed the series 6.
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Is it too late to exhume Ken Starr?
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rep1234
Rookie Joined: Nov/03/2016 Status: Offline Points: 4 |
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Sounds good. I'll take that advice and run with it. I like to check in with places before I just run in to make sure I don't step on any toes
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Edited by rep1234 - Nov/03/2016 at 11:05pm |
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luvindy
Moderator Joined: May/17/2010 Status: Offline Points: 25771 |
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Keep up this attitude, and keep posting, and your world will expand greatly young rep1234.
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8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time." Dow 13,090 S&P 1406 5/23/13 UC:Dow 20k before 20% crrectn Dow 15, |
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advisorman
Senior Member Joined: Oct/22/2011 Location: Behind you Status: Offline Points: 4246 |
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You send PFS a letter saying "I quit". Then devote all your time on figuring out how to access the super secret world of this forum. A clue... What do we all have in common? Answer this and you will be granted access... Good luck grasshopper.
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King of sarcasm and speling
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rep1234
Rookie Joined: Nov/03/2016 Status: Offline Points: 4 |
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Advisorman that is good advice based on the limited info in the original post. My situation is a bit more complicated.
I am figuring out how to do that while not ticking off my potential new firm(HDvest). The issue is that they have agreed with PFS that all new reps need to submit to the protocol. Apparently they have been eating their lunch lately with some high producers going independent and PFS is being difficult. I addition I don't have to just say I will be submitting rather they are requiring a signed notarized affidavit saying that I intend to submit to the protocol if asked. I was told explicitly that just quitting and signing up would likely tick some higher ups off by my recruiter at HDvest and I shouldn't do it. The issue is that I am fiduciary for some clients outside of my role a reg rep and I am also a fiduciary for some local nonprofits that I am serve on the board of. I would see allowing PFS to image my electronic devices as a breach of my fiduciary duty towards my tax clients and a breach of my fiduciary duty towards those nonprofits. I can't move unless I sign the affidavit at which point I would be making a materially false statement on an official legal document. I've been told by some to just sign the document and give PFS the finger if they ask but I'm not sure what legal exposures I'd be subjecting myself to. I am also uncomfortable with singing a affidavit even if they don't ask me to submit because I'd be lying either way. I am engaging a lawyer on Tuesday to get an official answer on my legal exposure but I am curious if there might be other ways to get around this that people with more experience in the industry might be aware of. Edited by rep1234 - Nov/04/2016 at 12:06pm |
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