Financial Clients - C&F?

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Anonymous User
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Financial Clients - C&F?

Post by Anonymous User » Tue Jun 23, 2020 9:09 am

Opportunity to work in a banking & financial services/finance group at a v100. Will an expunged juvenile arrest of petty theft present a hurdle in working with financial clients? FDIC section 19 says this type of thing doesn’t need to be disclosed (where would it be disclosed anyway if working with financial clients as an associate?). Is there anything else with the FDIC, Finra etc?

The Lsat Airbender

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Re: Financial Clients - C&F?

Post by The Lsat Airbender » Tue Jun 23, 2020 10:54 am

I don't think you need to be licensed by FINRA or anything to work as a lawyer, even if you went in-house at a bank or something. Lawyers have their own process: the bar.

Were you even charged with anything? An expunged arrest is super small beans compared to the DUIs and college drug charges that a lot of biglawyers have.

eta: FINRA goes out of their way to note that it is not them but state bars that regulate the legal profession:
https://www.finra.org/investors/learn-t ... al/lawyers

Anon-non-anon

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Re: Financial Clients - C&F?

Post by Anon-non-anon » Tue Jun 23, 2020 12:26 pm

Yeah, you often work with clients regulated by all sorts of different groups / agencies as a lawyer. You just have to keep your own licenses up with the bar. You're not subject to their regulatory regimes, but you're prob helping them stay compliant (plus data can get weird but not gonna get into that)

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