Displaying 11 results
New NASAA leader calls for expungement reform
Maryland Securities Commissioner Melanie Senter Lubin said brokers should be able to clear their records only in very limited circumstances.
Finra withdraws expungement reform proposal
The measure, which would have established a special roster of arbitrators to hear broker requests to clear their records, was criticized by PIABA as being too limited to address the problem.
PIABA finds arbitrators grant expungement 90% of the time
Lawyers group says regulators and the customers who had complaints should be able to present evidence in expungement requests.
Finra proposal to tighten expungement process heads to SEC
The rule would establish a special roster of arbitrators for expungement and set deadlines for requests
SEC approves Finra rule setting minimum fee for expungement requests
New floor of about $8,300 is meant to end the ‘$1 trick’ for brokers seeking quick clearing of records
Industry arbitration claims spike as coronavirus disruptions continue
Promissory note cases lead the way, signaling potential ‘employment upheaval’
Here’s what securities lawyers overlooked in their expungement report
Leading expungement attorney challenges PIABA report claiming systematic abuse of the process for clearing brokers' records.
Securities lawyers call on Finra to halt expungement process
PIABA report charges systematic abuse of the procedure for clearing brokers' disciplinary records.
Finra approves plan for specialized arbitrators to decide broker expungements
Board also votes for proposal about brokers acting as client beneficiaries.
Finra would have special arbitrators make expungement decisions
Regulator also seeks to set one-year limit from time a case closes to request a hearing.
Finra arbitrators add more detail to expungement decisions
Explanations for removing a complaint from a broker's record range from a couple paragraphs to several pages, but critics still worry about the impact to investors of wiping a slate clean.
