• Sharebar

hi
i an open criminal felony, and i have my first court soon
and got hired by Morgan Stanley,
now on the application they ask me if i even been charged with felony.
I know that i have to check yes,
but does anybody knows if that would stop theme from hiring me?
PLEASE SHARE ANY PREVIOUS EXPERIENCE, I HAVE TO SUBMIT MY FILLED OUT FORMS VERY SOON,

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Comments (33)

  • manbearpig's picture

    Full disclosure: I have absolutely no experience with this so please don't act based on what I'm saying.

    I think if it is asking you if you have been charged, you have to say yes. If it is asking if you've been convicted, then you can say no (since the case is still open and you're still in court).

    With that said, if you tick yes, then I'm pretty sure they will investigate what the charge was. If they deem it to be serious enough to pull the offer, they most certainly will. There's no shortage of applicants without criminal records, after all.

    -MBP

  • aempirei's picture

    That is correct.

    Charged, you must select 'Yes.'
    Convicted, you can select 'No.'

    Luckily, most employers (from my experience) have 'Convicted' on their apps.

    My name is Nicky, but you can call me Dre.

  • guyfromct's picture

    Depends on the felony, if it's a DUI, probably not a huge deal, but if it's fraud or a crime of moral turpitude, it's a huge deal.

  • Flake's picture

    I think MS has bigger issues at hand (i.e. hiring people like you) than worrying about your criminal record.

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • Ravena's picture

    If they run at background check on you moving forward your fucked even if you've been working there a few weeks.. You can have stuff like this sealed/expunged based on the incident and the state it occurred in though. New York has some of the strictest laws on sealing records though so I hope it didn't happen there.

  • deal_mkr's picture

    definitively depends on what the charge was and also what the outcome is going to be

  • go.with.the.flow's picture

    dont worry brah, if you stole, pillaged, sodomized or raped they may hire you as a partner if not tough luck

  • rufiolove's picture

    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

  • rufiolove's picture

    if you are convicted of the felony the above applies... i saw that your title says you are charged but then you referred to yourself as an open felon in the post... if you are convicted then you are out of luck, if you are charged then it isn't a regulatory issue as much as a discretionary one...

  • In reply to rufiolove
    BigKayDaddy's picture

    rufiolove:
    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

    Sean518 says that these can be sealed/expunged. Why would he be unable to get the positions if the felony/misdemeanor were not shown on his record anymore?

  • In reply to Ravena
    fnamna's picture

    [quote=Sean518]If they run at background check on you moving forward your fucked even if you've been working there a few weeks.. You can have stuff like this sealed/expunged based on the incident and the state it occurred in though. New York has some of the strictest laws on sealing records though so I hope it didn't happen there.[/quoteg]
    well I'm being charged with a criminal felony; some guy claims that i assaulted him( needless to say that im innocent). so now i being charged with a felony.

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  • fnamna's picture

    i been charged with criminal felony; somebody got assaulted and i'm being blamed for that ( hope that helped)
    and this case was opened not long ago, so its an ongoing process.

  • In reply to rufiolove
    fnamna's picture

    rufiolove:
    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

    what???
    what if you were charged but then found not guilty,

  • olafenizer's picture

    From what I remember, those online apps always asked if you were convicted. Moreover it wouldn't make any sense to merely ask if you've been charged, because you could be found not guilty. Also I do remember there always being a long ass paragraph about how to respond if the record was expunged, sealed, etc.

    Bottom line, if I were in your situation, I would clarify with company HR what they are asking for, rather than ask a bunch of kids on an internet forum.

  • In reply to olafenizer
    fnamna's picture

    of course i will ask the HR rep, but i have to be ready for the outcomes
    in few days I'm meeting with recruiting the company, which helped me to get this position, and they will run the back ground check.
    so im trying to gather the most information on this topic

  • In reply to rufiolove
    The Phantom's picture

    rufiolove:
    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

    While felony is a serious issue, you can still be licensed. There is no FINRA regulation that prohibits felons.

  • In reply to The Phantom
    fnamna's picture

    The Phantom:
    rufiolove:
    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

    While felony is a serious issue, you can still be licensed. There is no FINRA regulation that prohibits felons.

    i see
    what if u been charged with a felony, but then the case was closed, do you know if theres still any consequences
    ie: u apply to work at any investment firm and they see that u were charged with a felony

  • In reply to The Phantom
    rufiolove's picture

    The Phantom:
    rufiolove:
    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

    While felony is a serious issue, you can still be licensed. There is no FINRA regulation that prohibits felons.

    Administrative Actions Affecting Registration as a Uniform Securities Agent:
    The Administrator may, in the public interest:
    -Deny a registration***
    - Suspend a registration
    - Revoke a registration
    - Bar a registrant from association with a registered broker-dealer or investment adviser***
    -Limit the activities of a registrant
    - Cancel a registration

    Possible causes for these administrative actions include the following:
    1. The registrant was convicted within the past 10 years of a misdemeanor involving the securities business, or any felony.
    2. The registrant has engaged in dishonest or unethical practices.
    3. The registrant has willfully violated or willfully failed to comply with the provisions of the Uniform Securities Act.

    ^^^ to The Phantom, not to be whatever... but I was right as shit... and whoever threw monkey shit at me did so without cause... This is testable material on the Series 63 and Series 79... you can't provide securities advice to clients on behalf of an investment bank without being Series 63 and Series 79 licensed...

  • rufiolove's picture

    moral of the story here... don't throw monkey shit if you are wrong...

  • In reply to The Phantom
    rufiolove's picture

    The Phantom:
    rufiolove:
    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

    While felony is a serious issue, you can still be licensed. There is no FINRA regulation that prohibits felons.

    False.

  • In reply to rufiolove
    Flake's picture

    rufiolove:
    The Phantom:
    rufiolove:
    FYI if you are looking to work as an investment banker you will not be able to... any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation if it is a misdemeanor related to something like shoplifting, you would also be out of luck...

    While felony is a serious issue, you can still be licensed. There is no FINRA regulation that prohibits felons.

    False.

    rufio'd!

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • fnamna's picture

    does anybody over there went through what im going through
    please, any ideas or recent experiences are highly appreciated.
    i have to submit the application on Monday,

  • The Phantom's picture

    Since when "may prohibit" and "will prohibit" have same fucking meaning? Your first post:

    any position requiring a series 7/79/63 you will be unable to qualify for if the felony ocurred in the past 10 years... it's a FINRA regulation

    implied that any felony will automatically disqualify anyone from being licensed, when in reality its just a possible cause. If this kid broke someone's jaw and got a felony for that, chances are, FINRA will give him the license as long as his company is fine with hiring a felon.
    http://www.justanswer.com/law/1ffab-convicted-felo...

  • rufiolove's picture

    That is not true... I love that I literally got half as much monkey shit on this stupid ass thread than I have received ever on this site. You're an idiot... The regulations are cut and dry, you CANNOT become licensed if you have committed a felony in the past 10 years, end of discussion.

  • rufiolove's picture

    Eligibility Requirements

    ***Article III, Section 3 of FINRA's By-Laws1 provides that no member shall be continued in membership if it becomes subject to disqualification; and that no person shall be associated with a member, continue to be associated with a member, or transfer association to another member if such person is or becomes subject to disqualification. FINRA's authority to deny the registration and/or membership of disqualified persons or members is set forth in Section 15A(g)(2) of the Securities Exchange Act of 1934.***

    Disqualification Defined:

    FINRA amended its By-Laws on July 30, 2007 to incorporate the definition of "disqualification" as set forth in Section 3(a)(39) of the Exchange Act. The amended eligibility rules are effective June 15, 2009. Members should review Regulatory Notice 09-19, Amendments to FINRA Rule 9520 Series to Establish Procedures Applicable to Firms and Associated Persons Subject to Certain Statutory Disqualifications, for detailed information related to the amended eligibility rules.

    Based upon the expanded definition of "disqualification," the list of disqualifying events are as follows:

    Certain misdemeanor and all felony criminal convictions for a period of ten years from the date of conviction.
    Temporary and permanent injunctions (regardless of their age) issued by a court of competent jurisdiction involving a broad range of unlawful investment activities
    .
    Expulsions (and current suspensions) from membership or participation in a self-regulatory organization.
    Bars (and current suspensions) ordered by the Securities and Exchange Commission (SEC) or self-regulatory organizations.
    Denials or revocations of registration by the SEC or Commodity Futures Trading Commission (CFTC).
    Findings that a member or person has made certain false statements in applications or reports made to, or in Proceedings before, self-regulatory organizations.
    Any final order of a State securities commission (or any agency or officer performing like functions), State authority that supervises or examines banks, savings associations, or credit unions, State insurance commission (or any agency or office performing like functions), an appropriate Federal banking agency (as defined in Section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)), or the National Credit Union Administration, that

    (i) bars such person from association with an entity regulated by such commission, authority, agency, or officer, or from engaging in the business of securities, insurance, banking, savings association activities, or credit union activities; or

    (ii) constitutes a final order based on violations of any laws or regulations that prohibit fraudulent, manipulative, or deceptive conduct.

    Findings by the SEC, CFTC or an SRO that a person: 1) "willfully" violated the federal securities or commodities laws, or the Municipal Securities Rulemaking Board (MSRB) rules; 2) "willfully" aided, abetted, counseled, commanded, induced or procured such violations; or 3) failed to supervise another who commits violations of such laws or rules.2
    Certain Associations: In determining "association" for purposes of Exchange Act § 3(a)(39)(E), FINRA will use the definition of "associated person" set forth in Exchange Act § 3(a)(21).

    ^^^ I can google too... but I'm sure the random lawyer who doesn't specialize in securities law knows more than the legal & regulatory team at FINRA that drafted the regulation...

    here is the link to the FINRA website that clearly outlines the regulation:
    http://www.finra.org/Industry/Enforcement/Adjudica...

    Sorry to pop life bubbles here... I'm just relaying factual information... not sure why everyone is so upset here...

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  • manbearpig's picture

    -MBP

  • In reply to manbearpig
    fnamna's picture
  • fnamna's picture
  • In reply to fnamna
    happypantsmcgee's picture

    If I had asked people what they wanted, they would have said faster horses - Henry Ford