JD Supra

FINRA’s Customer Dispute Expungement Regime: The Central Registration Depository And FINRA BrokerCheck

Over the past 20 years, FINRA has made it nearly impossible for brokers to expunge customer complaints and dispute information from their public records. Over the next three blogs, we will discuss the ...
Business Wire

PIABA Foundation Study Warns Out-of-Control FINRA Broker Expungement Process Is “Broken,” Urges Independent Investor Advocate

FINRA’s BrokerCheck and the state-FINRA Central Registration Depository (CRD) should carry a prominent warning that they are unreliable inasmuch as they do not include all customer complaints because ...
JD Supra

FINRA’s Secret Power To Control Information

In the past week, I ran across two discrete instances in which FINRA acts as a secret gatekeeper of sorts, exercising its own subjective judgment, without anyone knowing what, exactly, it is doing or ...
Financial Planning

Can I scrub an old complaint off my CRD report?

Q: I had a customer complaint over 15 years ago that still shows up on my CRD report. I thought these dropped off after 10 years. I’ve spoken to a lawyer but I can’t seem to get a straight answer. Can ...