Quit to save your career

If you quit before you are questioned, you should fine. It seems through previous posts that Fidelity notifies FIRNA a week before you are fired that you are under investigation. If you quit in-between Fidelity notifying FIRNA and them actually questioning you, you are probably screwed. If you quit and give two weeks, I am not sure if they can spot audit you in those 2 weeks. Once you are out, you are good, I mean, unless it was real fraud and not this complete #WitchHunt. What triggers the FINRA audit is the U-5 which the employer has to fill out stating why you left. If you leave on your own, no big deal. If they cat walk you out because you exchanged your Fitbit for a different model without redoing paperwork, your career is pretty much over. How jacked up is that? One day this #WitchHunt is going to be a case study in a business class on how not to run a company.

Bumped from @SUABhNe-exrw for important info.

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FINRA is self-regulatory organization and technically not part of the government. When you register, you are agreeing to abide by FINRA rules, so you don't have the same rights. Pretty crazy.

Fidelity has the return receipts, there is nothing to say. That’s why if they pull you in, you shut up and walk out. They are heartless.

So if the employee is already gone than Fidelity assumes they are automatically guilty? I get that guilty or not, Fidelity will push you out the door but at least their was an interrogation where they could base guiltiness off of. But if they can’t question someone, it seems odd that Finra would allow that person to be barred. No such thing as innocent until proven guilt I guess.

I thought so too, but after speaking with an attorney, it is confirmed that Fidelity has marked up reps that left well before being questioned. While at their new firm, they got beauty marks from their ex, and are now in the FIRNA audit with everyone else facing a bar. I don't know the logistics behind it, but it did happen.

They can amend a U5? I thought they had to fill it out within 30 days after an employee departs.

Yes, they will check the fraud box which notifies FIRNA.

Do you know if they will they mark the U5 or just the U4 if you are already left?

Do you know if they will they mark the U5 or just the U4?

Even if you leave, if Fidelity comes across your name in the audit, they will mark you up even if you are at a different firm.

If you violated the unwritten policy of either Wage Works or Acclaris, they will walk you out. At least walk yourself out if the time comes. You have a slew of ex-employees talking to you from the dead right now. Don’t think you will have a different outcome than the others if you stay.

Not giving them the satisfaction of quitting.

Thread regarding Fidelity Investments layoffs

Quit to save your career

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