What Is The Process For Expunging My U5? Really, the first step, the second you’re terminated, is to call a lawyer....
Securities Industry Law Articles
SEC Industry Attorney // Securities Industry Law // Serving FINRA-member broker-dealers and SEC-RIA firms in handling regulatory issues and litigation.
There’s No Laughing in Brokerage
There’s No Laughing in Brokerage Being funny at work is a delicate balance of being just funny enough to entertain...
Continental Broker-Dealer Corp.
Taking a while to get your U5 expunged? Brokers who worked for this bucket shop who got a ding on their U5 on their...
Continental Broker-Dealer Corp.
Taking a while to get your U5 expunged? Brokers who worked for this bucket shop who got a ding on their U5 on their...
More B.S. from Wells Fargo
Been caught using a mouse mover? Companies are starting to crack down on brokers' U5s. Just four years ago, Wells...
Dude, You’re the U5 Guy!
Had a potential client call me the other day about his U5 situation, and learned that all you have to do is Google...
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...
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...