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FINRA’s Goal: Investor Protection?

When you click on the “About FINRA” hyperlink located at the very top of FINRA’s website, the first sentence you will see is:

“FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of broker-dealers.”

In fact, you will see the words “investor protection” countless times on FINRA’s website and throughout its regulatory notices and guides. The names below are changed but the very true case you are about to read really begs the question of to what, exactly, FINRA is “dedicated.”

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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 …