Thursday, October 08, 2015

Hillary Clinton Wants to Further Limit Employment of Convicted Felons in the Financial Services Industry

Hillary Clinton's campaign fact sheet wants to limit employment of felons in the financial services industry :
The Federal Deposit Insurance Act currently prevents depository institutions and bank holding companies from employing anyone who has been convicted of a crime of dishonesty , breach of trust , or money laundering . Similar employment bars also apply under our securities laws-- barring, for example, investment companies from employing individuals previously convicted of a felony or misdemeanor while working in certain professions. Clinton would unify and expand these provisions . Specifically, she would ensure that serious crimes under securities , commodities, consumer, and banking laws would result in employment bars across the entire financial services industry.
Would Bill Clinton make the cut since he lost his law license for 5 years?