Negative work environment.
Ameritrade Clearing is a good to fair work environment. The director of my department in the Clearing firm is in my "top 5" list of best managers. The Clearing firm is flexible, recognizes employee needs, and filled with good people. However it is hard to advance on the Clearing side of the firm as the company did not like to provide Clearing employees with brokerage licenses.
In contrast the the Clearing Firm The Ameritrade Brokerage firm is a poor place to work.
The Brokerage firm had a high turnover rate. Average length was six months for new hires. The slightest transgression could lead to sever consequences. One of the directors took a dislike to the word "unfortunate." Any use of that word or variations of with a client, no matter what the context, could cause a disciplinary incident.
In the Brokerage firm, one needs to have an email for nearly every action taken. Following a verbal only directive without written back up would have adverse consequences later down the road. This includes team leads and direct reports.
Assume every comment made, especially if the manager wants an "off the record" conversation, will be added to one's employee record, in the most negative light possible.