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Michigan DUI for Financial Professionals: Reporting and License Risks
Short Answer
A Michigan DUI for financial professionals can affect licensing, employment, and reputation, but different credentials carry different reporting requirements. A Michigan insurance producer generally must report a criminal prosecution to DIFS within 30 days after the initial pretrial hearing date. By contrast, an ordinary alcohol-only misdemeanor DUI generally is not reportable under the criminal-disclosure questions on FINRA Form U4. CFP Board has a separate reporting rule that expressly covers a second or subsequent alcohol- or drug-related offense.
The same person may hold an insurance producer license, securities registrations, and CFP certification, each governed by different rules. The first priority after a Michigan DUI arrest is to identify the actual charge, the procedural status of the case, each relevant credential, and any applicable employer requirements before making disclosures or negotiating a plea.
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