Checking with a friend who owns an insurance company. His firm will not hire someone with a recent bankruptcy. They are an independent agent for a large insurance company and sell only that company's products. Their agencies sell both insurance and insurance products, such as annuities.
I didn't have a chance to check with either of the 2 brokers I use.
...and I can tell you that the hiring for brokers is pretty tight right now. Great brokers with good books and the ability to make money in a bear market are in high demand and are in receipt of good bonuses. Others are hogs (cue Jim Cramer sound) being slaughtered.
When I "hired" my first broker I did ask for a copy of his resume and information because I was placing $50,000 with him. I actually got a whole folder on him, including his 800+ credit score and copies of his diplomas to Ph.C.. Later I found out that $50,000 was chump change. At the ripe age of 22, it was more in savings than most of my friends had. A broker does not have to provide a resume ...but there is an SEC law that a broker or his/her firm does have to provide an ADV Form upon request. This form includes information on the broker and will note whether or not the broker has declared bankruptcy!
When you start working with larger customers they WILL care about a recent bankruptcy and an inability for their broker to have maintained his financial house.
I did check Investopedia for info and found 2 articles:
http://www.investopedia.com/articles...ker_credit.asp
http://www.investopedia.com/articles...ghtadvisor.asp

