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 to seek expungement through FINRA arbitration.
Veteran Advisor In Colorado Expunges Form U5 Termination Disclosure
A Colorado advisor who has worked in the financial services industry for more than two decades sought to expunge a five-year-old FINRA Form U5 termination disclosure. The alleged violation published was related to an infraction of firm policy concerning loans.
Investment Advisor Seeks Expungement of Form U5 Disclosure
While working at an RIA in the 1990s, an advisor received a Form U5 termination disclosure from FINRA due to a disagreement with his partners. Today, this 30-year veteran investment advisor representative (IAR) and RIA owner are nearing retirement. He decided to clear his online reputation and protect his legacy before leaving the industry. So he brought on AdvisorLaw to pursue expungement through FINRA’s Dispute Resolution Forum.
Why you should fight your Form U5 termination
With the current hyper-vigilant compliance culture permeating FINRA member firms, the odds of being terminated and having a blemish on your U5 are ever-increasing. The best move you can make in protecting yourself and your business is to engage an attorney early in the process.
Advisor Expunges Form U5 Termination Disclosure From The CRD
A financial advisor out of Texas had excelled at a firm for nearly ten years. Although he’d received many promotions and was the leader in branch sales revenue, the firm abruptly terminated him for inconsistencies with his timesheet entries. The advisor received a Form U5 termination mark on his CRD record. While the disclosure didn’t appear on BrokerCheck, the meritless mark made it extremely difficult for the advisor to be hired again. So the advisor sought to expunge the Form U5 termination disclosure from the CRD through FINRA’s Dispute Resolution Forum.
Advisors Protecting Their Greatest Asset: How to Avoid and Minimize Disclosures On Your Forms U4/U5
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 CRD, the IARD, or the IAPD) can greatly damage your reputation and affect your ability to attract new clients, change BDs and firms, and sell your advisory business. Because disclosures …