In the last week, Higbee & Associates helped two clients get back to work by winning FDIC’s Section 19 Approval to work at FDIC insured institutions. Both individuals had been working in the banking industry for several years and had established distinguished careers in this industry. However, in the summer of last year both individuals were terminated as a result of breach of trust convictions that had occurred over 10 and 20 years ago, respectively.
Despite the FDIC’s initial adverse position, Higbee & Associates provided compelling and irrefutable evidence or rehabilitation for these individuals and as a result, the FDIC granted their Section 19. “These cases each took about 9 months,” said attorney Natasha Buchanan, “but in the end, the FDIC saw that our clients were deserving of approval.”
Obtaining approval of the Section 19 application is a requirement to work at any FDIC insured institution for those that have been convicted of a breach of trust or dishonesty conviction no matter how long ago the offense occurred. Although the process can be lengthy, it is well worth the wait. Congratulations to our clients and we wish them the best of luck in their future endeavors.
Higbee & Associates represents clients all over the US. If you would like more information about the process, please read more here.
If you are interested in hiring an attorney to represent you in applying for a Section 19 waiver, we would be glad to help. Questions and consultations are $250 for the first hour. We will handle the entire waiver process, including attending any hearings, for a flat-fee of $5,000.