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  1. #1
    Join Date
    Jan 2015
    Posts
    1

    Question Getting a FINRA Series 7 License With a Felony Record

    Hello forum! I am curious on my current situation. When I was 22 I was convicted of a third degree felony "Harassment of a public servant" (In short I spit in a cops face when he arrested me). I was 22 and drunk and acting completely idiotic. None the less it is what it is. When I was 20 I made a "False Police Report" which was a Class A or B misdemeanor. (In short I told the police a lie in a non-criminal situation) (Long story). Now I want to get my series 7 license. I know I must wait 10 years in order to obtain this license from a felony charge. I will wait until I am 32. I am 26 now. Which I am assuming by that time I will be ok. Right? Also I noticed that on the disqualifications for a series 7 it says about certain misdemeanors. Would a "false police report" be something that would stop me for life from getting this? Or would the 10 year marker still apply? Also what would my chances of actually getting a job be in the state of Michigan or New York IF I could get a series 6 or 7 (or both) license with my past criminal record? Also as far as a juvenile record goes that happened when I was 14 or 15 (Non-felonies) would that come up even though its a sealed record as a juvenile? All of this happened in Texas. Thank you everyone in advance!

  2. #2
    Join Date
    Jan 2015
    Location
    Bedford, Texas
    Posts
    109

    Default Re: Getting a FINRA Series 7 License With a Felony Record

    It's been a while since I looked at the FINRA disqualification standards (not since I obtained licenses back in 2007) but I think the false police report is more of an issue for licensing because it indicates a propensity towards dishonesty.

  3. #3
    Join Date
    Nov 2013
    Location
    Pennsylvania
    Posts
    806

    Default Re: Getting a FINRA Series 7 License With a Felony Record

    Quote Quoting AdamK
    View Post
    It's been a while since I looked at the FINRA disqualification standards (not since I obtained licenses back in 2007) but I think the false police report is more of an issue for licensing because it indicates a propensity towards dishonesty.
    This +1. Crimes that indicate a propensity towards dishonesty or poor ethical/moral character are a huge deal with things like this. You will be advising people on securities and other investment vehicles and having a past propensity to "lie" will be a huge negative against you. Additionally, I believe that in order to take the Series 7 you need to already be employed by a FINRA-member employer who will "sponsor" you to take the test. Perhaps you'd get some better answers by trying to speak to some perspective employers about how they would handle it.

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