*If you’re under FINRA or SEC investigation, or if you have a meritless disclosure on your BrokerCheck, CRD, IARD, or IAPD record, call us right now at (303) 952-4025 to talk with an attorney and receive a priority consultation at no charge.
Award Date: September 19th, 2023
Claimant Representative: Tad Burton, J.D.
A Texas-based advisor who has been in the financial services industry for more than ten years has been dealing with the repercussions of having a criminal disclosure on his records that dates back to a 1999 incident. He hired AdvisorLaw to seek expungement of the disclosure from his CRD and public BrokerCheck records.
In 1999, this future advisor was graduating high school. After the ceremonies, he and a friend spray painted the side of a building. The boys were caught and charged with a misdemeanor for criminal mischief-conspiracy with property damage of between $500 and $1,000, which was later changed to a charge of defacing property. The future advisor pled guilty, paid restitution, and performed community service.
Being that the charges could not be removed from the financial advisor background report until they were expunged in the state of Colorado, AdvisorLaw’s Tad Burton, J.D. contacted the county in which the charge had occurred, and he and his team began the steps necessary to seal municipal conviction records.
Mr. Burton provided his argument in favor of the county and state granting expungement to the advisor, and he supported the effort with relevant records and documents. The state agreed that it was appropriate to seal the records, and it granted Mr. Burton’s request on behalf of the advisor.
Once confirmation is processed by FINRA, this advisor may continue his career free of the mark — for the first time since he began his career in the industry.
- Dual Registration Dilemma: Navigating FINRA & SEC Regulatory Shifts - November 30, 2023
- Navigating Criminal Disclosures On FINRA’s Form U4 - November 16, 2023
- 30-Year Industry Veteran Restores Flawless Records With ARS Dispute Expungement - November 1, 2023