Fitness Standards / Adverse Conduct

Question 1

Felony conviction for theft, embezzlement, or other financially-based crimes

Answer 1

Unacceptable

Question 2

Two or more personal bankruptcies

Answer 2

Presumptive bar

Question 3

Felony conviction for tax fraud or other tax-related crimes

Answer 3

Unacceptable

Question 4

Revocation/suspension of a non-financial professional license (e.g. RE), unless the revocation is administrative in nature.

Answer 4

Presumptive bar

Question 5

Revocation of a financial professional license (e.g. registered securities rep) unless the revocation is administrative in nature.

Answer 5

Unacceptable

Question 6

Felony conviction for any degree of murder or rape.

Answer 6

Unacceptable

Question 7

Customer complaints

Answer 7

Other adverse conduct

Question 8

Felony conviction a violent crime other than murder or rape within the last 5 years

Answer 8

Unacceptable

Question 9

Felony conviction for non-violent crimes (including perjury) within the last 5 years

Answer 9

Presumptive bar

Question 10

Arbitrations and civil proceedings

Answer 10

Other adverse conduct

Question 11

Felony conviction for non-violent crimes that occurred more than 5 years ago

Answer 11

Other adverse conduct

Question 12

Felony conviction for violent crimes other than murder or rape that occurred more than 5 years ago

Answer 12

Presumptive bar

Question 13

Felony convictions for non-violent crimes that occurred more than 5 years ago

Answer 13

Other adverse conduct

Question 14

Misdemeanor convictions

Answer 14

Other adverse conduct

Question 15

Employer investigations and terminations

Answer 15

Other adverse conduct

Question 16

Suspension of a financial professional license (e.g. insurance) unless administrative in nature.

Answer 16

Presumptive bar