Employment & Licensing: Banking
- Commodities Future Trading Commission employment restrictions on those with felonies and certain misdemeanors.
- Employment is generally prohibited for individuals convicted of offenses involving dishonesty, breach of trust, or money laundering. However, waivers may be available in some cases upon written consent of the FDIC.
- Securities Exchange Commission employment restrictions on those with felonies and certain misdemeanors.
- The rules regarding the employment of people with criminal records in banking institutions are set out by federal laws and administrative policies . In particular, Section 19 of the Federal Deposit Insurance Act prohibits any person who has been convicted of a crime of various natures from working in, owning, or controlling an insured depository institution.
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