Expungement Dedicated to Delivering Results

Expungement Lawyers Based in New York

We Also Provide Legal Guidance to Clients Nationwide

Investor complaints and arbitrations are largely reported on industry records called Form U-4s and Form U-5s. Likewise, brokerage firms report employment terminations of brokers, including terminations involving broker misconduct, on the Form U-5. These forms are available to brokerage firms, and most of this information is also publicly available through the FINRA BrokerCheck website.

Fortunately, stockbrokers have a remedy for improper complaints, arbitrations and terminations on their Form U-4s and Form U-5s. It’s called expungement. Expungement is the process whereby an investment professional can expunge, or permanently delete, certain false, erroneous or defamatory disclosures from their industry records.

For detailed information regarding your unique situation, contact Weltz Law at (877) 905-7671 today.

The New York Expungement Process

Fortunately, stockbrokers have a remedy for improper complaints, arbitrations and terminations on their Form U-4s and Form U-5s. It’s called expungement. Expungement is the process whereby an investment professional can expunge, or permanently delete, certain false, erroneous or defamatory disclosures from their industry records.

The expungement process requires the stockbroker to bring a FINRA arbitration claim against the firm or firms where the dispute arose and demonstrate to the arbitrator that the applicable FINRA expungement standard has been met.

For customer complaints and arbitrations, the stockbroker must show that:

  • the claim, allegation or information is factually impossible or clearly erroneous;
  • the registered person was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation or conversion of funds; or
  • the claim, allegation or information is false.
  • For employment terminations, the stockbroker must show that the statement made by the firm is “defamatory in nature.”

The arbitrator will hear the evidence and issue an arbitration award. If the arbitration award grants expungement, a number of additional steps must be taken before the item can be erased from the stockbroker’s industry records.

Weltz Law can assist industry professionals in obtaining expungement of those damaging disclosures on their Forms U-4 and U-5 in an affordable and efficient manner. Don’t let false, erroneous or defamatory disclosures remain part of your professional, publicly available CRD.

Contact ustoday for a free consultation. Call (877) 905-7671 or fill out our online form.

WHAT SETS US APART

Experienced & Effective
  • 30+ Years of Collective Experience

    Our attorneys have over 30 years of collective experience representing clientsĀ in all aspects of securities and commercial litigation.

  • Contingency Fees for Our Securities Law Clients

    We will not receive a penny in attorney's fees unless a positive recovery is obtained in your case. Contact us to see if you're eligible.

  • Free Consultations

    We will assess the merits of your claims and help you decide on the next step.

  • Litigated Claims in Excess of $50 Million for Our Clients

    Our firm is prepared to fight for you to seek maximum compensation.

Testimonials

Word From Former Clients
    Calmly walked me through the process.

    “Due to his hard work, the hearing lasted less than 30 minutes with the judge dismissing the complaint.”

    - L.K.
    Successfully represented me in a number of matters

    “Attentive to every aspect of my matters, always available to speak with me, gave me great advice and fought hard for me every step of the way.”

    - I.S.
    Truly terrific in every way.

    “He cared, he was responsive, and he guided me through a difficult time with compassion and expertise.”

    - F.S.
    I could not recommend him highly enough!

    “He was there to talk me through any questions and concerns I had until we decided on the best option for me.”

    - Securities Industry
    Smart, cost-efficient, and gets results.

    “My go-to lawyer for arbitration and regulatory matters for years.”

    - B.D.
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