FINRA Expungement Lawyer for Financial Advisors, Stockbrokers and Financial Industry Professionals
Customer dispute information contained in the Financial Industry Regulatory Authority’s (FINRA’s) Central Registration Depository (CRD) and BrokerCheck website can have negative consequences for brokers regardless of whether the dispute was frivolous, settled amicably or rejected following an arbitration proceeding. This is particularly true of information contained in BrokerCheck, a free, searchable database easily accessible by anyone with an internet connection.
Few online searchers are sophisticated or diligent enough to investigate the allegations contained in customer dispute disclosures they find recorded in BrokerCheck. Claims against brokers are taken at face value, regardless of merit or outcome. Customer complaints in BrokerCheck suggest, at a minimum, a history of unsatisfied customers and, worse, intimations of trouble ahead for both potential customers and employers.