1st Global Capital Under Investigation for Securities Fraud: Court Filing
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  1. 08-08-2018, 01:55 PM #1
    Karen37a
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    Quote Originally Posted by jenk12 View Post
    Attorney here. If the payments were done in the normal course of business, a regular commission payment would not be clawed back. Also, claw backs would only apply to payments made within 90 days of the bankruptcy. If I were an ISO, I wouldn't worry about it, but keep your invoices just in case to show this was an ordinary, arm's length transaction.
    non Atty here and ex compliance officer ex series 7 /24 ex mortgage broker and insurance national producer

    If someone participated in the syndication....they have a bit more to worry about IMO
    Last edited by Karen37a; 08-08-2018 at 01:58 PM.
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