As far as background checks, to be a stockbroker, you will have to file FORM U-4, which basically is your whole life. The SEC, who oversees the entire investment industry, wants to know where you went to school, where you lived, and every job you have ever held. The last page they ask you if you have been arrested, et cetera. Here is the trick....
DO NOT F'ING LIE. The SEC forwards your application to the justice department, who will know if you have ever gotten a speeding ticket. Anyway, after you file the form, the SEC will do a quick check to make sure you have no outstanding warrants, and are a citizen. Then, they are going to "open a window," which allows you to take the Series 7 Exam. If you pass the test, good luck, it ain't easy, then you have wait. You will have to wait for your background check to come back from the Justice Department to get you registered. THEN, every goddamn state in the union has to approve you. So if 49 states say, okay, but Texas, who is notorious for busting balls says no, you don't get registered with that state. So you can't do business with anyone in that state.
Again, do not F'ING LIE. They are gonna find out, so if you were ever pinched, you had better disclose it. Most firms won't retain you if it comes back that you have been arrested, even if you were found innocent OR the charges were dropped. A few years ago, nobody cared, the market was great, every firm was hiring anyone that could sell. Now, after 9/11 and the market going down the toilet, they are ultra selective.
BTW, even if you had your record cleared, the Justice Department will find out.
Isn't it funny, the industry that is most notorious for screwing people and severe drug use is the most selective with background checks? There are more screens to be a stockbroker than to be a doctor, which means people care more about their money than their health.
If you have any specific questions, don't hesitate to PM me.
=UJ=