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.

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 you may have a better shot at getting damages in FINRA arbitration when you seek expungement. (See my previous blog.) But, you must bring a claim within...
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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 removing customer complaints that should not be on your record and in removing false and defamatory information placed on your U5 by your last...
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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 need one good lawyer to get this done right. You don’t need to have a bunch of folks standing around some breakroom gabbing about your case and billing...
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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 defamatory information that puts you and your practice in a false light on your U5? Are there customer complaints on your U5 that shouldn’t be there? If...
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