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AdvisorLaw’s new “Rideshare Program” helps financial advisors expunge customer disputes and U5 termination disclosures

AdvisorLaw is now offering a “Rideshare Program” for financial advisors seeking to expunge customer dispute or U5 termination disclosures for the entire month of December.  With over 40 million visitors to BrokerCheck® every year, you and your teammates can’t afford to lose a client over a meritless disclosure on your record. But we can help to restore your good name. If you …

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Which Firm Handles the Most FINRA Expungement Cases Filed by Financial Advisors?

​We don’t expect you to keep your finger on the pulse of the advisor-defense industry. So let us quickly bring you up to speed on the most crucial element that advisors seek when it comes to FINRA expungement of customer dispute and U5 termination disclosures–RESULTS. AdvisorLaw just surpassed its 1,000th disclosure expunged from FINRA’s BrokerCheck and the CRD. Every single disclosure was …

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Auction Rate Securities: The Conservative’s Conservative?

For over 25 years, Auction Rate Securities (ARS) products were considered safe and sound investments. Then, everything changed in 2008 when investment banks stopped purchasing ARS products at the beginning of the Great Recession. The pause in ARS purchases caused an overall market freeze that snowballed into a massive influx of investor complaints against brokers who were making investment recommendations …

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The Other Costs of Having FINRA U4 Disclosures on Your BrokerCheck

Losing potential business due to customer complaints on your BrokerCheck report is bad enough, but it isn’t the only cost of having FINRA U4 disclosures on your CRD.   Today, most clients search online before setting up an initial meeting with a financial advisor. I’ve heard people say, “You don’t go to lunch in a new part of town without …

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How One Law Firm Handled Three out of Five Broker Expungement Requests in 2018

A Denver-based law firm appears to have made a cottage industry out of clearing broker records — and its founder is in no way apologetic about being the leader in a field some critics say could harm investors, according to news reports. Dochtor Kennedy, 39, founded AdvisorLaw in 2016, and the firm now handles the bulk of broker expungements, InvestmentNews writes. Kennedy …

Cleaning up tainted broker records becomes a cottage industry for one law firm

Original Article: https://88ytj2o1iqjmbj3b2lkgspkp-wpengine.netdna-ssl.com/wp-content/uploads/2020/09/2019-01-03-Cleaning-Up-Tainted-Broker-Records-Becomes-A-Cottage-Industry-for-One-Law-Firm-InvestmentNews.pdf Critics may take Dochtor Kennedy to task for helping brokers clean up their disciplinary records, but no one can argue with his success. The 39-year-old president and founder of AdvisorLaw, which specializes in removing customer complaints from brokers’ online proles, handles more broker expungement cases than anyone else in the business. Last year, through Dec. 6, the …

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Using Your BDA Dollars to Help Solidify Your Brand

Many financial professionals have pre-tax dollars provided by their broker-dealer to help them market and advertise their business.  Unfortunately, with the ubiquity of FINRA’s BrokerCheck and Google, any monies spent on advertising or building referrals can work against an advisor that has negative Customer Dispute or Employment Separation After Allegation disclosures on their record. This year, resolve to use those pre-tax dollars on building …

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FINRA’s Focus on Advisors With Customer Disputes

We’ve known for some time that FINRA ranks their brokers based upon negative disclosures on their Form U4 and CRD.  However, that information has never been released to the public en masse due to instances where many non-adjudicated claims have never actually proven a sales-practice violation by the advisor.   A firm that represents customers in drumming up these investor complaints, …