The appropriate path depends on factors such as whether the disclosure involves a customer complaint, arbitration, or civil litigation; when the matter closed or was reported; and whether expungement has previously been requested. Understanding the applicable FINRA expungement rules early is critical because certain requests are subject to strict filing deadlines.
- Customer Separation After Allegation (ESAA) marks
- Unauthorized Trading, Suitability, and Misrepresentation
- Failure to Supervise, Breach of Fiduciary Duty, and Negligence
Josh Colville
Administrative Law Assistant
Dalton Hodges
Lead Administrative
Law Assistant
Michael Huebner, J.D.
Associate
Josephine Jiron
Account Development
Representative
Meredith McNulty
Account Development
Manager
Ric Rivard
Business Development Executive
Christina Sacko
Account Development Executive
Sheyla Serrano
Client Relations Manager
Janay Simmons
Administrative
Law Assistant
Carla Smith
Tiffany Stone
Michael Wunderlich
A termination disclosure on your Form U5 (or an Employment Separation After Allegation mark) presents a significant hurdle. A single U5 termination disclosure can make transitioning to a new firm substantially more difficult and often results in reduced transition compensation. Related information may also appear through Form U4 reporting, making U4 expungement and record correction an important consideration for affected advisors.
Crucially, neither your former nor current employer can unilaterally clear your CRD. Depending on the disclosure and relief sought, correcting or expunging Form U5 information may require FINRA arbitration and additional procedural steps.
We meticulously analyze the facts surrounding your departure and aggressively pursue the arbitration process necessary to achieve the expungement of inaccurate or misleading termination disclosures. This includes reviewing the language reported by the former firm, the circumstances surrounding the termination, related Form U4 disclosures, and evidence that may support amendment or expungement.
Criminal disclosures, even for past offenses, can appear on your BrokerCheck and IAPD profiles, creating an unnecessary professional barrier. AdvisorLaw ensures you have the best possible legal representation in state court to expunge these disclosures.
While rules vary by state, if eligible, we work to have records of past criminal offenses sealed or destroyed and subsequently removed from your CRD. Because criminal-record relief and securities-registration reporting requirements are separate issues, clearing the underlying criminal record may be only one step in addressing the disclosure reflected on your professional record.