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" ... This is not an isolated problem. This is not an issue that only pops up, occasionally, at some small firm. This is pandemic -- at indie and regional firms, and at the big boys. Further, the ramifications of this foolish policy embeds itself in the very core of the industry's relationship with its customers and substantively impacts the ability of firms to pressure (subtley or otherwise) their salesforces to push house product or to look askance. What FINRA does not understand or refuse to acknowledge is that registered men and women should not hesitate to leave an employer simply because of the fear that they may not be able to re-register within two years. As recent history has demonstrated, Wall Street laid off tens of thousands of registered persons and not all of those folks were able to get rehired within two years. Go talk to some of the former folks from Lehman Brothers or Bear Stearns. Talk to former employees of Merrill Lynch, Smith Barney, Wachovia, Citigroup and JP Morgan. ... "