How big a deal is this

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Dec 22, 2007 9:56 am

I was recently "terminated" from my company for failing to disclose an outside job (I bartended to help make ends meet).  When I apply at a new firm (wirehouse/bank) how big of a deal is this going to be.  Any thoughts appreciated. 

Dec 22, 2007 10:31 am

It will be a big deal...no getting around it. 

Dec 22, 2007 12:08 pm

It will be less of a big deal if you fully disclose the issue before they check you out.  I would also make sure you had a good story to wrap around why you hadn't disclosed the issue - while I wouldn't encourage you to bend the truth...  I would make it look like a stupid mistake on the firm's part.

 
Bottom line - If you are upfront about it, and they like you, they will look past it.  If you are borderline or below, and no one wants to go to bat for you, it's an easy excuse to not hire you.
 
.02
Dec 22, 2007 2:31 pm
Brendan64:

I was recently "terminated" from my company for failing to disclose an outside job (I bartended to help make ends meet).  When I apply at a new firm (wirehouse/bank) how big of a deal is this going to be.  Any thoughts appreciated. 

 
If you were looking to make ends meet,  might you have been "underperforming"?  How long were you at the firm before you started tending bar?
Dec 22, 2007 3:23 pm

Was there some reason you didn't disclose it? The biggest problem you will have is that a future  employer may wonder if there are others areas that you forget to tell the truth so I would be ready to address any concerns they have but as the others have said be sure to be upfront with them.

 
Dec 22, 2007 8:47 pm

If I was your next employer..the non disclosure would be the first issue..why lie or withold facts that legally have to be disclosed?
Second, I would say, maybe that was why you were underperforming...you could have been in teh office all weekend, cold calling, stuffing mailers, preparing for seminars and building business. Maybe the outside job took away from your job as an FC/FA and that is one reason why you were underperforming and needed a second job to begin with.

Dec 22, 2007 11:24 pm
Brendan64:

I was recently "terminated" from my company for failing to disclose an outside job (I bartended to help make ends meet).  When I apply at a new firm (wirehouse/bank) how big of a deal is this going to be.  Any thoughts appreciated. 



Well...considering that you lied and violated an important condition of employment, that might be a big deal.  At a minimum it shows that you have bad judgment.

Dec 23, 2007 12:12 pm

A firm will not touch someone with a scarred U-5, unless they are a producer (real producer) and the infraction was insignificant. You are probably in trouble, because you are not a producer. Most real firms are not going to hire someone that tends bar on the side - not so much because you lied about it, more because you decided the best way to improve your situation was to tend bar on the side. If you were a $750K producer, and you owned some investment real estate on the side which you forgot to disclose - they might look the other way - this is a more "noble" venture in their eyes.