{"id":1105,"date":"2021-03-02T00:31:46","date_gmt":"2021-03-02T00:31:46","guid":{"rendered":"http:\/\/localhost\/?p=1105"},"modified":"2021-03-02T00:31:46","modified_gmt":"2021-03-02T00:31:46","slug":"leaving-is-the-hardest-part-especially-if-you-want-to-re-enter-the-securities-industry","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2021\/03\/02\/leaving-is-the-hardest-part-especially-if-you-want-to-re-enter-the-securities-industry\/","title":{"rendered":"Leaving is the Hardest Part Especially if You Want to Re-Enter the Securities Industry"},"content":{"rendered":"

We were recently reminded of how difficult it is to re-register for a position in the securities industry after being barred. https:\/\/www.sec.gov\/litigation\/admin\/2021\/ia-5682.pdf<\/a><\/p>\n

On February 9, 2021, the United States Securities and Exchange Commission refused to let a former investment adviser re-register, claiming that the barred adviser had not demonstrated \u201cextraordinary circumstances\u201d to merit re-entry .\u00a0 In particular, the Commission noted that the barred adviser had not paid his penalty, initially, imposed in 2011.\u00a0 The Commission also rejected his arguments that, by working with an actual registered adviser, he would be appropriately supervised.\u00a0 However,\u00a0 the Commission found that the person had failed to submit sufficient evidence to demonstrate this supervision.<\/p>\n

As a result, the barred adviser was not let back into the business, demonstrating the difficulty for others, who seek to follow in his path.\u00a0 We are not suggesting it is impossible, but those barred persons interested in re-entering the securities industry should seek out securities counsel prior to making any filing.<\/p>\n

Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We were recently reminded of how difficult it is to re-register for a position in the securities industry after being barred. https:\/\/www.sec.gov\/litigation\/admin\/2021\/ia-5682.pdf On February 9, 2021, the United States Securities and Exchange Commission refused to let a former investment adviser re-register, claiming that the barred adviser had not demonstrated \u201cextraordinary circumstances\u201d to merit re-entry .\u00a0 … Continue reading Leaving is the Hardest Part Especially if You Want to Re-Enter the Securities Industry<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,21,22],"tags":[],"class_list":["post-1105","post","type-post","status-publish","format-standard","hentry","category-compliance","category-enforcement","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t