Updated Saturday, April 19, 2014 as of 8:07 AM ET
Practice - Regulatory/Compliance
Defining Full Disclosure
Sunday, July 1, 2012

Several years ago, when I was a registered rep for a brokerage firm, my employer sued me for money owed on a promissory note that I'd signed when I became employed with them. I wound up losing and filed for bankruptcy. I'm now applying to become registered as an investment adviser and my state has "suggested" that I may need to disclose the civil action and bankruptcy on my Form ADV. I know the bankruptcy has to be disclosed but I don't think the lawsuit my employer filed should be. Can you give me some advice?

— J.L., Nebraska

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Honoring the Top Branch Managers of 2013

Current Issue

The April Issue is now online!

Already a subscriber? Log in here