NOt a lawyer here, and I don't understand why can't be charged and be convicted of a felony. As for the "felony deferred...", it could have repercussions in the future, depending on how the NASD phrases the relevant questions. If the NASD does what immigration authorities do, the question is whether someone was *ever charged* with a crime or offense, and the answer is a sworn statement, he cannot "deny that anything had happened," as Hurlbert suggests.