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Michigan DUI for Financial Professionals: Reporting and License Risks
Short Answer
A Michigan DUI can affect a financial professional’s license, registration, employment, and reputation, but the reporting requirements depend on the professional’s credentials. A Michigan insurance producer generally must report a criminal prosecution to the Department of Insurance and Financial Services (DIFS) within 30 days after the initial pretrial hearing date. By contrast, a routine misdemeanor DUI ordinarily does not require a criminal disclosure amendment to FINRA Form U4. CFP professionals face separate requirements, particularly when the case involves a second or subsequent alcohol-related offense.
The distinction matters because financial professionals often hold several licenses or registrations simultaneously. The same misdemeanor DUI may require disclosure to one regulator but not another. Employer and compliance policies may impose additional obligations, even when no public regulatory disclosure is required.
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