Brokercheck Expungement

Expungement of Complaints, Criminal Charges, & Terminations.

Do you have a customer complaint on your Brokercheck Report?

• Expungement of Customer Complaints from FINRA’s Brokercheck Site - The firm brings actions to expunge customer complaints from FINRA’s public Brokercheck Report website (www.brokercheck.com) and FINRA’s CRD system. The expungement procedure can remove baseless customer complaints from your public Brokercheck Report that are damaging your reputation among customers, employers and regulators. The procedure is often successful and can be well worth the cost and effort. Call now for an explanation of the process and a discussion the likelihood of success in your case.   

Do you have an employment termination (discharge or permitted to resign) on your Brokercheck Report?

• Expungement of Terminations - This firm brings expungement actions to remove discharges and resignations from your public Brokercheck site and the CRD system. This includes discharges or permitted to resigns from registered broker-dealers and investment advisers. It also includes expungement of damaging information reported on FINRA Form U5, including termination explanations. Call now for a free consultation on the procedure and an assessment of the likelihood of success in your case.   

Do you have criminal charges or convictions on your Brokercheck Report?

• Criminal Expungement - The firm handles expungement of criminal matters from FINRA’s Brokercheck Report, including charges and convictions. The procedure varies by state but many states have procedures for expungement and if done correctly may result in the remove of charges or convictions from the public Brokercheck Report.  

Disclosure Advice, FINRA Form U4 - FINRA License Lawyer

Do you have questions about what is required to be discloses on FINRA’s Form U4?

• Prior terminations, criminal charges and convictions, and regulatory matters can impact your ability to obtain or change employment in the financial industry. It is often difficult to determine what types of activities are disclosable. This is particularly true with prior criminal charges, where dropped counts, plea bargains, and unique dispositions (such as diversion, continuance without a finding, suspended impositions, and expungements) can create confusion as to whether or not there was even a "conviction." Many times what looks like a felony conviction is not in fact a conviction at all (or is not a felony) under the relevant state criminal laws and Finra/SEC precedent. In such situations, Bartell Law can analyze the relevant historical criminal statutes, review the statutes and case law that allow for the particular disposition, and provide a legal opinion (with all cited authority attached) explaining why there was no felony conviction under state, federal and Finra/SEC precedent. This opinion can be used to help convince potential employers (especially broker-dealers) that an advisor's criminal incident is either not disclosable, or is disclosable, but is not a felony conviction, and thus the advisor is not statutorily disqualfied from associating with a broker-dealer. If you have questions about Finra disclosure of a criminal incident, give us a call for a free consultation.

• Statutory Disqualification and Eligibility Proceedings. The firm assists financial advisors with disclosure items that trigger a statutory disqualification, which can render the individual ineligible to participate in the industry in a registered capacity. The firm also assists financial advisors seeking to challenge their disqualification in FINRA eligibility proceedings. 

• Regulatory Analysis and Advice. The firm researches and drafts legal memoranda on how statutes, rules, regulations and other regulatory materials may apply to specific circumstances; drafts industry comment letters on new or proposed rules from the SEC, FINRA and state securities administrators; and prepares requests for no-action letters from the SEC.

If you have a licensing or registration matter, or need advice on industry rules, Bartell Law can probably help you quickly and economically. Give us a call. We'd be happy to provide a free consultation.