#ABKLaw BLOG by Michael Jaccarino: Arrested Stockbrokers and Wall Street Employees – FINRA Collateral Consequences and Reporting Requirements
Arrested Stockbrokers and Wall Street Employees – FINRA Collateral Consequences and Reporting Requirements. Stockbrokers, financial analysts, and other people who work on Wall Street or in the financial industry, like everyone else, are subject to the laws of New York State and New York City. When a stockbroker or financial industry employee violates one of these laws, whether it occurs in or outside of their employment, they will be arrested. However, unlike normal citizens, these professionals must deal with not only the arrest itself and the crimes charged, but more importantly, the effect that the arrest and the prosecution will have on their job and career. Unfortunately, the consequences can be felt immediately and well before the case has a chance to make its way through the criminal justice system.