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Form U5 Terminations & New Customer Dispute Allegations

Form U5 Terminations & New Customer Dispute Allegations

If you've been blindsided by a new customer complaint or threatened with negative language on your FINRA Form U4 or U5, remember this crucial fact: Your firm's compliance team represents the firm, not you.

Legal gavel and block representing law and justice, symbolizing legal services and attorney expertise.

Form U5 Terminations & New Customer Dispute Allegations

If you've been blindsided by a new customer complaint or threatened with negative language on your FINRA Form U4 or U5, remember this crucial fact: Your firm's compliance team represents the firm, not you.

Protecting Your Career from Disclosure Attacks


Don't let frivolous complaints or industry attacks derail your career.

We recognize that a vast majority of new customer disputes are brought by investors or their counsel simply to extract a quick "nuisance settlement" from the firm. In these cases, it almost always costs the firm more to litigate than to write a nominal check.

The result for you? A damaging new customer dispute disclosure is permanently affixed to your Form U4, CRD, BrokerCheck, IAPD, IARD, and ADV records.

Common Investor Allegations

New investor complaints typically level some of the most serious accusations against financial professionals, including:

  • Fraud and Material Misrepresentation or Omission
  • Churning and Unsuitability
  • Unauthorized Trading
  • Breach of Fiduciary Duty or Breach of Contract
  • Negligence and Failure to Supervise
  • Violation of rules, acts, or laws

The Conflict of Interest in Representation

When a new investor complaint arises, most broker-dealers and RIAs offer the financial advisor legal representation through in-house or contracted counsel.

Be aware: These company-provided attorneys will clearly state that they represent the firm, not you. The firm's priority is limiting its own liability, often at the expense of your professional record.

AdvisorLaw only has one interest in mind: you. We are focused solely on protecting your livelihood and professional record. We fight aggressively to defend your name and expunge inaccurate disclosures.


Protecting Your Career from Disclosure Attacks

Protecting Your Career
from Disclosure Attacks


Don't let frivolous complaints or industry attacks derail your career.

We recognize that a vast majority of new customer disputes are brought by investors or their counsel simply to extract a quick "nuisance settlement" from the firm. In these cases, it almost always costs the firm more to litigate than to write a nominal check.

The result for you? A damaging new customer dispute disclosure is permanently affixed to your Form U4, CRD, BrokerCheck, IAPD, IARD, and ADV records.

Common Investor Allegations

New investor complaints typically level some of the most serious accusations against financial professionals, including:

  • Fraud and Material Misrepresentation or Omission
  • Churning and Unsuitability
  • Unauthorized Trading
  • Breach of Fiduciary Duty or Breach of Contract
  • Negligence and Failure to Supervise
  • Violation of rules, acts, or laws

The Conflict of Interest in Representation

When a new investor complaint arises, most broker-dealers and RIAs offer the financial advisor legal representation through in-house or contracted counsel.

Be aware: These company-provided attorneys will clearly state that they represent the firm, not you. The firm's priority is limiting its own liability, often at the expense of your professional record.

AdvisorLaw only has one interest in mind: you. We are focused solely on protecting your livelihood and professional record. We fight aggressively to defend your name and expunge inaccurate disclosures.


Professional legal advisor consulting with clients in a law office setting.

What Our Clients Say About Us

What Our Clients
Say About Us

"I had 2 frivolous disclosures on my record and asked AdvisorLaw to help me get them removed. They were successful in both cases. My experience was they were well organized and knowledgeable and most importantly they were effective at getting the job done. I highly recommend them."

- Glen Anderson ⭐⭐⭐⭐⭐

"Hiring the best = worth It! I hired AdvisorLaw in early 2020 to help me remove 1 termination and 3 customer claims from my BrokerCheck page. With Covid and the economy and everything else going on, I was worried about the expense. But the disclosures on my record were doing so much damage that I knew removing them could pay for itself."

- Sara McClain ⭐⭐⭐⭐⭐

"As I left a major wirehouse, I was unjustly and unfairly accused. The kind folks at AdvisorLaw guided me through the system. I had given up on clearing my name but they were able to handle everything honestly and with the regulators agreeing. I couldn't get it done by myself. Thank you!"

- Montee Sneed ⭐⭐⭐⭐⭐

"They were totally professional and we accomplished everything we set out to get clarified. It feels so good to have my name back. It is unfortunate that the system requires this process when you have nothing to do with a case. They were so organized and clearly explained the process and we got it done. I also gave their name to someone who had problems with a previous advisor. She was happy with her outcome."

- Damian Dering ⭐⭐⭐⭐⭐

"I worked with Advisor Law to have a frivolous complaint removed from Broker Check. While FINRA determined there was no validity to the complaint I needed to take action to clear my record.Advisor Law was easy to work with, did exactly what they said they would do, exactly when they said they would do it, and coached me through the process.While I never want to experience this type of event again, I would call them in a heart beat should the need arise."

- Mark Edwards⭐⭐⭐⭐⭐

"Great people to have in your corner. Very professional, knowledgeable, and results oriented. I'm glad they are on my team. When I needed defense over a bogus claim, they were amazing, and protected me and my team."

- Dean Owen⭐⭐⭐⭐⭐

"Advisor Law's knowledge, detail oriented, and expertise, are excellent. I had worked with an attorney previously and they did nothing compared to what Advisor Law was able to accomplish. Truely a professional organization who cared about my case, took responsibility and treated me with utmost respect. I recommend contacting Advisor Law and see if they can help your situation!"

- Patty Loris⭐⭐⭐⭐⭐

"Chelsea and the entire team were fantastic to deal with. Diligent and patient through a grinding process, and they really helped me through some challenges. So appreciate their help in providing justice to my records, comprehensive preparation for hearings and taking the reins in my expungement process. Thank You!!"

- Bob Krieger⭐⭐⭐⭐⭐

"Advisor Law was great to work with, and they made everything fast and easy. They helped me with my case, and a favorable outcome. The attorney they had me working with was professional, courteous, and knew what he was doing."

- Rinaldo Crassa⭐⭐⭐⭐⭐

"Wonderful experience with results exactly as advertised. They were able to clean up my U4 that were not reflective of my professional record."

- Thomas Clark⭐⭐⭐⭐⭐

"Advisor Law provided terrific service with my expungement cases. Their direct professional care was highly successful to remove nuisance records for me. I would highly recommend everyone at Advisor Law as the team effort yielded superior results."

- David Bindelglass⭐⭐⭐⭐⭐

    Navigating Threatened
    Form U4 or U5 Terminations

    Navigating Threatened
    Form U4 or U5 Terminations

    Navigating Threatened
    Form U4 or U5 Terminations


    Allegiances fade quickly during times of transition. If you were terminated by your broker-dealer or RIA, or if a Form U4 or U5 termination is imminent, securing independent counsel is critical.

    Your firm may use the language on your Form U5 as leverage or a weapon to retain your clients or impose restrictive conditions. If regulatory or firm policy violations are alleged, this termination may be the first step in a much larger FINRA or SEC enforcement investigation.

    We provide immediate counsel to address these critical concerns:

    • Defamatory allegations were entered on your Form U4 or U5 disclosure.
    • Misrepresentation of the facts surrounding your departure.
    • Negotiating U5 termination language to accurately reflect a voluntary separation.
    • Handling Notes Payable disputes and Broker Protocol or non-compete issues.
    • Mitigating the risk of a resulting FINRA enforcement investigation.

    Do not risk your continued employment. Potential hiring firms are often hesitant to onboard advisors with U5 termination disclosures indicating anything other than a "voluntary" separation. Negotiating the finer points of a potential U5 disclosure now saves you significant time, money, and headaches associated with trying to expunge it later.


    Meet Your Experts

    Meet Your Experts



    Professional male attorney wearing a dark suit and glasses, standing against a dark background.

    Josh Barber

    CIO & Co-Founder

    CIO & Co-Founder

    Experienced attorney in business law and estate planning representing clients at AdvisorLaw LLC.

    Tad Burton, J.D.

    Managing Director
    of Client Relations

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    Jennifer Cox, J.D.

    Senior Associate

    Experienced legal professional in business law and estate planning at AdvisorLaw LLC, providing expert legal advisory services for clients seeking tailored legal solutions.

    Austin Davis, J.D.

    Senior Associate

    Filename: advisorlaw-legal-professional.jpg.

    Dalton Hodges

    Lead Administrative
    Law Assistant

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    Josephine Jiron

    Account Development
    Representative

    Professional male lawyer in a gray suit, emphasizing legal expertise and corporate law services at AdvisorLaw.

    Doc Kennedy, MBA, J.D.

    President & Co-Founder

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    Jason Kirkland

    Executive Director

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    Peter Lindholm, J.D.

    Associate

    Image

    Meredith McNulty

    Account Development
    Manager

    Experienced attorney in professional legal services focused on law firm consultation and legal advice for businesses and individuals.

    Alex PadLa, J.D.

    Senior Associate

    Image

    Sheyla Serrano

    Client Relations Manager

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    Daniel Simms

    Account Development
    Representative

    Image

    Janay Simmons

    Administrative
    Law Assistant

    Image

    Carla Smith

    Discovery & Investor Services Manager

    Discovery & Investor
    Services Manager

    Image

    Michael Wunderlich

    Discovery & Investor
    Services Manager

    Discovery & Investor Services Manager

    Claims Against Employers
    & Business Partners

    Claims Against Employers
    & Business Partners

    Claims Against Employers &
    Business Partners


    For financial professionals involved in employment or partnership disputes, our team offers uniquely experienced and specialized counsel. We combine meticulous analysis with assertive advocacy to vigorously pursue your claims or build formidable defenses, consistently striving to maximize your success and protect your future.

    Engage With Our Experts
    Engage With
    Our Experts
    Engage With Our Experts

    Request a Private Consultation

    Request a Private Consultation

    New Disputes | Contact Form (#99)

    Request a Private Consultation

    Schedule a complimentary consultation!

    New Disputes | Contact Form (#99)