I have been a banker for about 20 years. Recently I accepted a new position with a new employer that that requires me to get my series 7, 66, and 79 license. I was completing my pre-registration questions and one of them asks whether I have compromised with a creditor or filed for bankruptcy. A couple of years ago, we had some serious financial problems and I had a couple of credit cards that went way past due and ultimately they asked me to just settle them and be done with it. I settled these card for less than what was owed.
Do I need to worry about losing my job because I have to answer yes to this question, or is it just something they need to know?
Just clarify, I have been working there for about a month and I am NOT going to be an FA, but I will work with them. I am a "specialist" for the region.