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Dec 16, 2009 10:32 pm

I have been looking at transitioning into Financial Advising as a career change and had a question about criminal charges. I plead guilty to a felony vehicular assault charge about 10 years ago. Out being young and dumb and was in an auto accident with alcohol involved. Have had no trouble since then and a stable work history in financial services, just not on the brokerage side of it. Is there any way to get Series 7 and 63 with my criminal record or am I just dreaming? Any input is appreciated.

Dec 16, 2009 10:33 pm

This site has become a congregation of young dumb people looking to be advisors... Scary...

Dec 17, 2009 8:13 am

Hey, I resemble that remark!  I mean..

Dec 17, 2009 8:18 am

Not too sure Wilsojc.  Most of us are not compliance officers.  I can tell you, our office couldn't hire an office staffer because she had a theft charge on her record from over 10 years ago.  My vote would be towards the "you're dreaming" answer but I'm an idiot so who knows.  My suggestion would be to contact a local branch manager at a wirehouse or find an Edward Jones recruiter/regional leader and just ask them.  Unfortunately, felonies are hard to shake off how people still perceive you even if it was a long time ago.

Dec 17, 2009 10:07 am

"yeah about 10 years ago when i was just being a kid, I shot somebody while trying to rob a store, no big deal the guy lived, but it's on my record now... But it was like 10 years ago, and now my entire morals and belief system has changed.. So do you think they will let me handle money"..


Felonies are like STDs they follow you around forever and most of them when disclosed disqualify you from sleeping with anyone else(STDs, not felonies)

Dec 17, 2009 10:26 am

@chief. 

Wilsojc-
If I were looking for a new recruit and you disclosed your felony, I would move on and hire an equally inexperienced applicant with a clean record.  If you didn't disclose and I found out, I would kick your a$$ and fire you.  And then I'd kick your a$$ again.
Sorry.

Dec 17, 2009 10:49 am
KensLoveChild:

@chief. 

Wilsojc-
If I were looking for a new recruit and you disclosed your felony, I would move on and hire an equally inexperienced applicant with a clean record.  If you didn't disclose and I found out, I would kick your a$$ and fire you.  And then I'd kick your a$$ again.
Sorry.

 
Thats the thing with this industry.  Everyone that is starting out has zero experience and no past history that would make a wirehouse/brokerage/whatever want you over the next guy.  If you were going for an executive position and it was a battle of resumes then you may stand a chance, but this career is basically a thousand kids who are 23 years old with college degrees and 2 years of experience waiting on tables at Outback  going in for a job.  Most places will take the recent college grad w/no felonies over the recent college grad w/felonies.
Dec 17, 2009 4:47 pm

mmmm.... outback.

Dec 18, 2009 12:52 am

Are you over 27 years old?

Dec 18, 2009 8:32 am

I had every intention of disclosing my past upfront, I take full responsibility for my stupid mistakes as a youth. Yes DeBolt, I am over 27 years of age. Thanks for all of your input.

Dec 18, 2009 9:18 am


The only way you may be able to withhold the information would be if you committed the offense under 18 years of age hence the question. I still would not suppress that information if it were committed as a juvenile. <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />


The only option you have is to prepare and deliver with conviction (pun intended) what you have learned from that situation and how strong of a person you are now. You will have to prove that your new found responsibility out ways your potential liabilities and that will be damn near impossible.


 


Good Luck!

Dec 18, 2009 2:04 pm

"Is there any way to get Series 7 and 63 with my criminal record or am I just dreaming?"


 
Yes, you can get it.  If you are currently with a member firm, see if they'll sponsor you for them.
Dec 21, 2009 5:36 pm
chief123:

This site has become a congregation of young dumb people looking to be advisors... Scary...



Hey Chief. Why do you have to be such a freaking prick? This guy simply
asked a question. Either help the guy out or shut the eff up. What do
you have to gain with that statement. You're a prick, just like so many
others on this site. People trying to be big and bad. Just shut up.




Dec 21, 2009 5:45 pm

First of all..

 
This has been asked so many times in the last year.
1. Stop being lazy and search it. I think you are a prick for wasting precious blog space with your comments regarding items that have already beend discussed
2. Do some research, find out about the profession before asking a bunch of blog posters for the "key to life"
3. Not being a prick. Have some intelligence and don't do stupid things.
 
Dec 22, 2009 7:46 pm

Well, why do you want to be a Financial Advisor and why do you think people would want to let you manage the wealth they have built up over a lifetime.

 
Yes, you actually do have to answer that because that is what this job is about.
 
And you better know at least 40 people who would trust you with $100,000 in just your first year, or you won't make it.