Jul 13, 2020

U5 Termination Help!!

Hi all,

I was terminated from my investment bank (boutique in NYC/London), and on my U5 form, it was cited as a "violation of internal policy" - The "internal policy" that was violated was the hosting of a party in our firm-paid corporate housing, the attendees being the other members of our analyst class. - "internal policy violation" is a broad term and without context, sounds terrible. - In terms of background/context, the firm was Probably looking for any excuse to reduce headcount without having to pay severance, and even cut more than 20% of staff worldwide that same week.

The above has already cost me a PWM opportunity (all they saw was the policy violation without context)
Does this bar me from any/all bulge bracket opportunities in the future (even post-MBA?), in all fields of finance (pwm, IBD, AM, etc.)?

I realize that there are a ton of other forum posts here, I've seen them already and none of them provide much additional help.

I welcome any and all insights. Thank you!

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4 Comments

Prospect in IB - Gen

"" In reality, the firm was looking for any excuse to reduce headcount without having to pay severance

In reality, you fucked up at some point and don't want to admit it. If they fired you for a violation of internal policy, they must have solid proof. Now ask yourself: what's the proof? Was there music blaring through the walls at 4:00 in the morning? Did you throw a piano out the window? Did you destroy the furniture?

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Notional Value of A Trade

That'sMyQuant

“In reality” - meaning of course fucked up, and not intended to excuse it.

The question is more along the lines, does this bar me from a future in IBD/registered broker dealers, post MBA?

Proof = house keeping took photos of some of the aftermath, smoking indoors, etc. -

Was interesting seeing that having analyst parties was a common occurrence but no one else was caught.

If I had disclosed this immediately/provided context, would this scenario been different? Does this bar me from ever getting a job again?

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Authored by: Certified Investment Banking Professional - 1st Year AnalystCertified Investment Banking Pro

Analyst 2 in IB - Cov

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Authored by: Certified Private Credit Professional - 1st Year AssociateCertified Private Credit Pro

james55

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U5 Termination Help!!

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U5 Termination Help!!

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