Broker Alert: Firm Misrepresenting Licensing Consequences to Brokers with Unpaid Prom Notes

Posted on April 11th, 2017 at 11:04 AM
Broker Alert: Firm Misrepresenting Licensing Consequences to Brokers with Unpaid Prom Notes

From the Desk of Jim Eccleston at Eccleston Law LLC:

It has come to our attention that a major independent BD is telling reps, who leave the firm with unpaid forgivable loans, that they will lose their securities license if they do not pay the brokerage firm the remaining balance on the note. This is flatly untrue, and a result that often can be avoided with competent securities counsel.

Should any reps be told such falsehoods, please contact us so that we can protect your rights and pursue any available remedies.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial investors including Securities FraudUnauthorized TradingBreach of Fiduciary DutyRetirement Planning Negligence, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC

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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

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