Well, it may seem like something you could get away with: having your assistant do that annoying RegEd or E-Learning online course for you. Why not, right? You know all that stuff anyway... so your assistant logs in as you, takes the course, logs off and you get credit. Saved you some time, which, in your business is valuable.
But if you don't make $5,000/hour, it may be worth taking the assigned course yourself. Just ask Karen Curtis, who was fined $5,000 and suspended for 60 days for trying this new method of meeting firm element requirements. Or ask Rebecca Sappington, who will never be allowed to work as a FINRA principal again because she directed people to take the courses for RR's. (She also paid $10,000 and is suspended for 6 months.)
To verify that I didn't make this up, and to see other unsmart ideas for getting around the rules, check out January's disciplinary actions at http://www.finra.org/web/groups/enforcement/documents/monthly_disciplinary_actions/p037831.pdf .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment