Work in Banking - Should I worry about expunged records on U4?
Criminal Case: I was charged with felony possession nearly 9 years ago next month. I went through a deferred judgment program and the possession charge was dropped while I pled guilty to a failure to affix drug tax stamp charge which was later dismissed post-probation.
I did not disclose this information on my U4 as I have worked at two banks with this information not appearing on my background check. I have successfully passed both background checks. I did not anticipate this being an issue but FINRA reached out to my compliance department to understand the dynamics behind this and asked for official dispositions etc.
I was not a previously licensed banker but am stepping into a role in Capital Markets where I will be required to have licenses.
I WAS NOT CONVICTED.
Should I worry about this?