Experienced FINRA Expungement Attorney and Former Financial Advisor Offering Nationwide Representation of Advisors to Expunge Customer Complaints from FINRA’s Central Registration Depository and Online Broker Check
LET US HELP YOU SUCCESSFULLY NAVIGATE THROUGH THE FINRA EXPUNGEMENT PROCESS
Broker-dealers are obligated to report customer complaints, regardless of merit, resulting in disclosures on the Financial Advisor’s CRD and BrokerCheck Report which may be misleading, inaccurate or false. This information is available to anyone via the internet and can have the very real effect of tarnishing an Advisor’s reputation and costing him or her clients. Thankfully, FINRA provides a mechanism by which a Financial Advisor can seek to have unwarranted disclosures expunged from his or her permanent record.
Attorney Stephan Louviere, a former Financial Advisor himself, has the knowledge and industry experience to help navigate you through the FINRA expungement process to successfully and permanently remove an unwarranted disclosure from both the CRD and BrokerCheck.
FINRA Rule 2080 provides three possible grounds for expungement:
The claim, allegation or information is factually impossible or clearly erroneous.
The registered person was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation or conversion of funds.
The claim, allegation or information is false.
NOW IS THE TIME TO TALK TO A LAWYER TO EXPUNGE MISLEADING CUSTOMER COMPLAINTS
In late 2017, FINRA issued Notice to Members 17-42, which proposes sweeping changes to the existing expungement process which, if adopted, will make expungement of customer disputes more difficult and costly. For instance, the proposed FINRA rule changes would:
Expand from a one-person panel of arbitrators to a three-person panel of arbitrators who must unanimously agree that expungement is appropriate under Rule 2080(b)(1) and find that the customer dispute information has no investor protection or regulatory value.
Impose a one-year time limit for an associated person to seek expungement of a customer complaint that did not result in an arbitration claim. There is currently no time limit.
Limit an associated person who is named as a party in an underlying customer case to one opportunity to request expungement, and that opportunity must be exercised during the underlying customer case. There is currently no time limit.
Create a minimum filing fee of $1,425 for expungement requests. The current filing fee is $50.
CONTACT
Louviere Law Firm, P.A.
280 SE 3rd Ave.
Pompano Beach, FL 33060
(954) 419-6353
(954) 419-6353
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