I am going thru the security clearance process for the Federal Reserve. If I fail the clearance, will they tell my employer (Deloitte) why i failed?

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Why would you fail?

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If you had a fear about something popping in your BC (and it sounds like you do), you maybe should've had that discussion with a recruiter or asked around in forums like this prior to letting a company do a deep dive into your history. Likely yes the company will know the DQing factor

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