Hello, I am interviewing with a company that requires me to take the Series 7. I would need to fill out the u4 or u5. I am pretty much in for the Job, I did the second interview and he said im in basically, just need the CEO to confirm what he already thinks of me. He asked if I had anything on my background he needed to know about and I answered no, however: 1.5 years ago I was wrongfully arrested at a concert. A man standing next to me asked for a lighter, gave it to him, he lit a joint. Security saw this and they grabbed both of us thinking we were friends. The man with the joint had MDMA and marijuana on him obviously. I was arrested for possesion of MDMA and Marijuana even though I had nothing on me. Long story short, I was booked, arrested, fingerprinted, etc.. However a year went by and the charges were never filed. I have done background checks for apartments and have always said I have no criminal background, because technically I don't. FINRA checks your background for the series 7. They ask "have you been charged with a felony" I called FINRA, and they said I would answer "no" to this since I was not charged. However, since I was fingerprinted the FBI check is going to show the arrest, and kick back the application to my employer asking for proof that charges were indeed never filed. This is no problem, but should I tell the employer that I made a mistake, and that I didn't realize what the series 7 tested, and in the case of a full background check, yes I do have something to worry about. Your standard apartment background check, loan background check, etc shows nothing. I just got a mortgage for $320,000 no problem. My big question here is should I tell my employer, and if so when? Should I wait until after I actually have the job officially? They had me sign a paper authorizing them to check my background, but again I highly doubt the employer has the systems the FBI uses. I am currently pending to hear an answer from my hired lawyer, I would just like a second opinion.
EDIT: Arrest happened in NV, I live in AZ
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