All too often, advisors who hire AdvisorLaw to help them seek expungement of termination disclosures have Form U5 allegations relating to outside business activities (OBAs) and their disclosure, or alleged...

When an advisor’s assets under management hit $250 million, their options expand from those that were available to them when their AUM fell below that threshold. Along with more options,...

For the past 11 years, an advisor in Ohio had two publicly-disclosed customer disputes — one which had been tainting his records for all but 2 of his 17 years...

Any time a rep leaves a firm, regardless of the reason, the firm is required to file a Form U5 describing the circumstances under which the rep departed, within 30...

A 1991 Form U5 termination disclosure had been plaguing the records of an advisor with over 30 years of dedication to the financial services industry. He sought the help of...

The effects and consequences of disclosures on advisors’ records have been growing larger and more severe over the past several years. With the implementation of the requirement to provide a...

A Boston-based, veteran advisor who has been in the industry for more than 45 years had had one customer dispute on his record since the early 1990s. Ready to clear...

Even when advisors are genuinely invested in their customers’ interests and attentive to their customer’s needs, events that are fully outside of advisors’ control can leave them with complaints, disclosures,...

There are thousands of financial advisors across the US who have had their public image tarnished by a meritless or completely false disclosure that was published on their CRD, BrokerCheck,...

A New Jersey-based advisor with nearly 30 years of experience in the financial services industry sought expungement of a 7-year-old Form U5 termination disclosure from his records. He hired AdvisorLaw...

The SEC has been cracking down on broker-dealers and RIA firms that fail to file and deliver their Regulation Best Interest disclosure forms, including Client Relationship Summaries, or Forms CRS,...

Is there a way to remove IRS tax lien disclosures from BrokerCheck? Tax debt disclosures subject advisors to higher scrutiny and threaten job security. That’s why this week’s Ask An...

For nearly a decade, an advisor had two customer disputes tainting his otherwise-pristine BrokerCheck profile and CRD report. Lodged two months apart, both disputes pertained to customers who owned the...

Each year since 2015, a San Juan-based advisor’s BrokerCheck profile had shown more and more customer disputes — all having arisen from investors who had purchased Puerto Rico bonds. Of...

On September 28, FINRA adopted its previously proposed Rule 4111 — Restricted Firm Obligations. The Rule applies to broker-dealers with a history of misconduct or those with a concentration of...

You've worked hard and made many sacrifices to build a successful advisory business. But arguably, your greatest asset is your reputation. Any negative disclosures on your public records (BrokerCheck, the...

An advisor who has been in the industry for nearly three decades sought to expunge the one customer dispute plaguing his records through FINRA Arbitration. The advisor sought to expunge...

Let’s say you were just approached by a lead advisor with a team who’s seeking counsel for the team’s next big move — they’re excited to discuss recruiting options with...

When one party is entrusted with the care of funds or property and must act on behalf of another, a fiduciary duty is created. As the former party is obligated...

A Portland-based advisor with a Form U5 termination disclosure from more than two decades earlier sought FINRA expungement of the mark from his CRD and BrokerCheck records. Eighteen months into...