A registered rep is in the process of being hired with a new firm. The registered rep isn't sure whether it is required that he disclose a 'no contest' plea to a misdemeanor charge of petty theft which occurred over 15 years prior. Does this have to be disclosed?

Answer: Disclose

Explanation:

A shoplifting charge comes with serious criminal punishments that can cause great stress and embarrassment. Any conviction for shoplifting, petty larceny or retail theft is considered a "crime of dishonesty" that you might have to disclose every time you apply for a job. Charges for shoplifting and other crimes of dishonesty will show up in even the most basic background check depending on the way the case is ultimately resolved.

In Nassau County, a large number of these offenses happen at the Green Acres Mall in Valley Stream and the Roosevelt Field Mall Shopping Center in Garden City, NY.

For professionals, such as teachers, certified educators, nurses or other health care professionals, the charges are particularly serious because they can impact a professional license needed for employment purposes. Also, the charges are more serious for an individual who is not a citizen of the United States because of the immigration consequences. Students in graduate school, college or high school can face a disciplinary action even if the incident occurred off campus.