February 21, 2020
Expungement
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Nationwide Flat Fee Expungement For FINRA Registered Financial Advisors
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Dedicated to Helping Financial Industry Professionals With Expungement In
Experienced FINRA Expungement Attorney That Gets Results
Remove Unwanted and Unwarranted Disclosures from Your CRD, BrokerCheck and Forms U4 and U5
Talk To A FINRA Expungement Lawyer Today. Call (800) 931-8452
FINRA Expungement for Financial Advisors, Stockbrokers and Financial Industry Professionals
The securities industry is highly regulated. The Central Registration Depository (CRD) maintains professional licensing and disclosure information regarding all financial professionals that are registered representatives of a brokerage firm or advisory firm. The various regulatory documents are a Form U4, Form U5, and CRD. An abridged version of these documents is available in a system titled BrokerCheck, which is publicly available on the website for the Financial Industry Regulatory Authority (FINRA).
What many financial advisors and registered representatives do not appreciate is that every sales practice complaint made against them is reportable and that the employing brokerage firm has virtually no discretion when making a determination if a sales practice complaint should be reported.
FINRA member brokerage firms are required to report customer complaints against registered Financial Advisors without consideration of the merits. Even if a complaint is demonstrably false, it must be reported. This can have a significant impact on a Financial Advisor’s reputation and ability to retain existing clients or develop new clients. The only process available to remove an unwarranted customer complaint from your CRD, BrokerCheck, or Form U4/U5 is FINRA expungement. The process of expungement involves the filing a petition for expungement before the Financial Industry Regulatory Authority (FINRA) and attending a hearing before a panel of arbitrators (either in-person or by telephone), during which time evidence will be presented that supports one of the three enumerated grounds for expungement pursuant to FINRA Rule 2080:
(A) The claim, allegation or information is factually impossible or clearly erroneous;
(B) The registered person was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation or conversion of funds; or
(C) The claim, allegation or information is false.
At the conclusion of the formal hearing, the arbitrators will issue an arbitration award with their findings. If successful, the arbitration award must then be confirmed in a summary (typically non-adversarial) court proceeding at which time the reported event will be expunged or erased from BrokerCheck and will no longer be publicly available.
The Wolper Law Firm has extensive experience handling expungements on behalf of financial professionals. If you are a financial professional, and have questions regarding disclosures that appear on your Form U4, Form U5, CRD or BrokerCheck, contact the Wolper Law Firm for a free consultation and evaluation of whether expungement of unwanted disclosures is an available remedy.
Talk To A FINRA Expungement Attorney Today. Call (800) 931-8452
AWARD-WINNING LEGAL SERVICE
Meet FINRA Expungement Lawyer Matt Wolper
The Wolper Law Firm is a client focused law firm devoted to seeking expungement on behalf of financial professionals. We pursue claims nationwide and in all forums, including arbitration before the Financial Industry Regulatory Authority (FINRA). We also pursue claims in state and federal courts.
When choosing a law firm to represent you in seeking FINRA expungement, it is important that you choose an experienced attorney that is willing and capable of taking your case through the hearing process. We have the experience, judgment, and vision to develop the arguments that result in favorable outcomes. It is our mission to build a deep and trusting relationship with our clients and become your partners in the process.
For nearly fourteen years, Matt Wolper, the managing principal of the Wolper Law Firm, was a partner with a national law firm, where he represented the largest banks and brokerage firms on Wall Street. This experience and pedigree gives the Wolper Law Firm a competitive advantage.
If you are looking for FINRA expungement, the Wolper Law Firm invites you to call or visit for a free consultation to tell us your story. In turn, we will provide you with an honest case evaluation and help you determine your best course of action.
