Loss of License?

Did you disclose the incident when you applied for your licenses? Was it a felony?

You have to disclose things like that to your broker dealer within 30 days. If not, they can terminate you for non-compliance. Usually they'll just discipline you.

If it happened before you received your securities license and you didn't disclose it, they could punish you too.

Insurance is much less of a problem. You should be able to get a license again no problem. You might not get appointed with some of the insurance carriers, but that probably won't be an issue either. <<< My best guesses.

No I did not disclose the incident when I applied as it had not happened yet, it took me awhile to pass the test! I did not disclose the incident and no it was not a felony, so I am wondering what I need to do from here, I am applying for a job with my recent employer and already let my old boss know what was going on so I guess I will see what happens.......

Honestly, I think you should be ok. While shoplifting is not a good thing, they are more concerned with felonies and crimes that have to do with securities/fraud.

I was convicted of a misdemeanor and still had no problem getting my licenses with a real strict company.

I received some good advice on this forum (you will have to type w w w to make it work)...

insurance-forums.net/forum/#insurance-agents-brokers-forum

Good luck!