When an advisor is fired, his or her options are limited. The conventional wisdom may be that the advisors future depends on the details of the termination, but the truth is that some firms are reluctant to touch someone like that, especially if there is no established relationship.
Top-tier firms cant and wont hire people riddled with compliance issues; their own compliance wont allow it. As a recruiter, when I find out an advisor has three compliance issues, there are some firms I just cant submit him to and I tell him so.
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