Chapter 13 and securities license
Posted: Tue Jul 26, 2005 2:13 pm
Potential client is a securities broker with series 7, 63 and series 6
(life) licenses. He has an arbitration award against him for about
$110k, which includes a fraud allegation. Chapter 7 out of the
question.
I've been advised that under non-bk law, if broker does not pay award
or comply with award order he could lose his broker's license.
Potential client wants to retain the licenses.
Question for the group is this: can a securities broker Chapter 13
debtor retain his license if he is in compliance with a low percentage
Chapter 13 plan?
The post was migrated from Yahoo.