Fired for charging personal expenses on corporate card

Was recently fired for charging personal expenses on my corporate card. One of three analysts fired for charging for meals on weekends despite working fewer hours than the requisite threshold. Anyone know how best to proceed? FINRA has contacted me regarding this and I am facing the possibility of being barred / blacklisted from working for any broker dealer I think. Please advise as it was an innocent mistake.

 

Not sure if this would go on your record but, in the meantime, you should try to find other types of jobs. How many times have you done this and did you know about the policy prior or no?

 

Was this a one-time thing or is this something you have done a lot of times? How have they been able to measure the number of hours you worked?

Unless this has happened more than a few times, it is likely just an excuse to get rid of you rather than a reason to get rid of you. If you are doing a good job and everyone is happy with you in general, it's hard to see that you would get fired over something like this. In that case, they would just give you a warning and tell you that it's not OK. Literally everyone at my bank does this during the weekends. The general consensus is that if they are going to force us working weekends despite working 80+ hours during Monday-Friday, the least they can do is pay for our meals. 

 
Most Helpful

It sounds like FINRA sent you an 8210 letter asking for more details? you might want to hire a lawyer for that. what does your u5 say?

I do not recommend saying this was an “innocent mistake.” No one will believe you. Just say it wasn’t a lot (hopefully it wasn’t) and you’ve learned from the experience.

I’m not optimistic you can get back into banking in this market. Perhaps do something else for a few years?

 

Because you can only expense on the corporate card if you are in the office for a specific number of hours. I was in the office but they spot checked when people came into the office and left, and I was caught.

 

Hate to be that guy, but something smells funny here.  Accidentally charging a personal item on a corporate card is very very common and the company will give employees the benefit of the doubt and leeway to rectify their mistake.  

It's likely you continually charged stuff when you should not have or handed your corporate card over to the nice waitress at Scores after they assured you it would come up as PerKinns on the statement.  

Come clean once and for all.  Firing someone takes concrete irrefutable evidence in most circumstances.  You didn't get a Jimmy Johns sandwich and get fired for not working a solid number of hours.

 

This wasn't a one time occurrence or a careless mistake. I knowingly violated the policy by working fewer than 8 hours in the office over the course of many weekends. At this point, I'm not looking for someone to relitigate the facts of what happened. I just want to know how I can bounce back or have my FINRA record clean.

 

This really happened just because you charged meals (within expense / order time guidelines) without actually working the requisite hours? Basically every analyst I know at any firm orders almost every day to the full extent of the expense policy (as if they worked all of those hours every day), and no one has even been called out on it, never mind actually punished. This seems pretty crazy if that was the sole reason.

 

What is your company saying the reason they terminated you is? Serious option, why don’t you reach out to your former bank and offer to not have a severance or anything in exchange for allowing you to resign? Hopefully that will protect you for future prospective

 

Aut quis perspiciatis reiciendis rem qui quis sit. Dolores id enim voluptatem assumenda est vel. Dolorem dignissimos et cupiditate quos dolore quas. Pariatur aspernatur sint quos modi minima ipsum. Aut officiis doloribus voluptas enim. Esse dolore aut deserunt ut nesciunt.

Ullam non aperiam perferendis et. Soluta porro sequi sint voluptas et sapiente. Qui totam fugiat rem vel aperiam dignissimos non.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”