Michigan Reentry Law Wiki

Employment & Licensing: Banking

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7 U.S.C. §12a: Jobs regulated by the Commodities Futures Trading Commission

Commodities Future Trading Commission employment restrictions on those with felonies and certain misdemeanors.

12 U.S.C. §1829: FDIC institution waivers

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.

15 U.S.C. §80b-3: Registration of investment advisers

Securities Exchange Commission employment restrictions on those with felonies and certain misdemeanors.

Self-Help Materials

People With Criminal Records Working in Financial Institutions: The Rules on FDIC Waivers

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.
Other pages in this section: Legal Overviews - Materials for Employers - Policy Reports & Recommendations - Occupational Licensing - Disparate Impact Claims Under Title VII - Sex Offender Restrictions - Parole and Probation Restrictions

Restrictions for Specific Jobs: Accounting - Banking - Childcare - Education - Firefighters - Gaming - Government Employment and Government Contracting - Health Professionals - Insurance - Labor and Employee Benefits - Long-Term Care - Military Service - Security Guard and Private Security - Transportation

Section overview: Employment & Licensing

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