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Posts by Category: Financial Services Hiring

Avoid EEOC Complaints

Avoid EEOC Complaints

Although criminal histories can be among the most important for identifying potentially problematic employees, recent EEOC Guidelines elaborate on the use of criminal histories in hiring practices, and should not be ignored. These guidelines have made it incumbent…

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The “Gold Standard”

The “Gold Standard”

Many businesses mistakenly believe that the FBI database is the “gold standard” for identifying those with criminal records. But, the FBI database only includes criminal records that have a fingerprint associated with them, and many from the state or county level do…

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Dealership Controller Embezzles $1.1 Million

Dealership Controller Embezzles $1.1 Million

Vanessa Vence-Small, of New Windsor, N.Y., pleaded guilty to wire fraud and was sentenced Nov. 28 in U.S. District Court in New Haven, Conn., to 30 months in prison. Prosecutors alleged that Vence-Small enriched herself “by means of materially false and…

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New FINRA Rule on Background Checks

New FINRA Rule on Background Checks

FINRA (the Financial Industry Regulatory Authority) has issued a rule change for background screening requirements that went into effect on July 1, 2015. FINRA Rule 3110(e) is based on similar provisions in NASD Rule 3010(e) and NYSE Rule 345.11. In short, FINRA Rule…

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Heightened Scrutiny of Brokers – SEC Approves

Heightened Scrutiny of Brokers – SEC Approves

In recent years, questions have been raised in many quarters about how brokers with questionable backgrounds have been able to move among firms and remain in the industry. FINRA has responded by enhancing a broker dealer’s obligations for reviewing the…

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