Had a potential client call me the other day about his U5 situation, and learned that all you have to do is Google...
Securities Practice Group Articles
Don’t Be Stupid
These days, broker-dealers and RIAs are looking for any excuse not to hire you. That is, if you have any negative...
Why Do They Do It – Are They Just Dicks?
Every U5 case seems to start with a manager or supervisor taking an unhealthy interest in their reps, whether they...
Why Do They Do It – Are They Just Dicks?
Every U5 case seems to start with a manager or supervisor taking an unhealthy interest in their reps, whether they...
U5 Expungement: Beware Cold Callers
A few weeks ago, one of my U5 expungement clients in Michigan got a call from a law firm based in Colorado asking if...
It’s a Minefield – Reporting Outside Business Activities
Every so often your firm will have you fill out an OBA questionnaire. Whatever you do, before filling it out, talk it...
Can You Get Your U5 Expunged Without a Lawyer?
As my Scottish grandmother would say, “Good luck with that!” I’ve been at this for 20 years. I don’t think I’ve ever...
Should You Wait to Get Your U5 Expunged?
Short answer: No. In many states, the defamatory statements your firm puts on your U5 may be defamatory per se, and...
Defamation Per Se: Another Reason To Clean Up Your U5 Sooner Rather Than Later
Generally, FINRA allows you upwards of 6 years to file a claim in arbitration to expunge your U5. This is true of both...
How Many Lawyers Does It Take To Expunge Your U5?
I keep seeing these firms with some twenty lawyers involved in helping brokers clean up their U5 records. You only...
Form U5 Defamation and You
Have you just left a broker-dealer you couldn’t stand anymore? Did the firm just put a bunch of false and...
FINRA May Extend Remote Inspections
In December 2020, FINRA published Regulatory Notice 20-42, which launched a review of lessons learned during the...