Securities Attorneys for Expungement of CRD and BrokerCheck Disclosures

 We assist Brokers and Investment advisor Representatives nationwide with expungement of customer complaints and criminal disclosures from their CRD record and BrokerCheck report.

Now that broker and investment advisor representatives’ (“IA representatives”) records are made public through the FINRA BrokerCheck website, and new FINRA rules require firms to include a link to BrokerCheck on their websites for viewing by retail investors, it is extremely important for brokers and IA representatives to protect their professional reputation from being tarnished by false or erroneous customer complaints, or other negative disclosures. Unfortunately, as brokers and IA representatives are becoming more aware, their firms are only concerned about the firm’s regulatory obligations and are not interested in rectifying the historical disclosures of their representatives.

While every broker and IA representatives has a detailed CRD report, which contains much more information than is disclosed through the publicly available BrokerCheck website, one’s full report with the Central Registration Depository (“CRD”) is what is reviewed by regulators as well as prospective employers and broker dealers prior to considering a broker or IA representative for employment or affiliation. Accordingly, just because your publicly available BrokerCheck profile may not contain negative disclosures, that does not mean that your CRD is “clean”, or that your reputation or employment potential is not compromised.

 

 

Expunging Criminal Disclosures

We know that brokers and IA representatives may have youthful indiscretions that often require disclosure on the Form U4 or the Form ADV Brochure supplement if the broker is associated with an Investment advisor, which can turn into a deal breaker for many broker-dealers, investment advisors and recruiters.

We often are asked “Can I remove this criminal record disclosure from my Form U4?” The answer is, it depends, but you have found experienced securities attorneys who can help.

We regularly consult with brokers and IA representatives regarding criminal disclosure matters, among other Form U4 and Form U5 disclosures, and can assist you with determining whether your criminal disclosure is reportable in the first instance and/or may be expunged from your CRD record. Oftentimes, when the criminal matter never resulted in a conviction, the expungement process can be a fairly straightforward process and completed for a fixed fee or on an hourly basis depending on your specific circumstances.

Likewise, we also help brokers and IA representatives with more complex criminal matters, including where the criminal matter did result in a conviction. Depending on the relevant state laws concerning expungement and sealing the records of your criminal matter, we can work with your criminal defense attorney to make sure the matter can be properly expunged and/or sealed at the state level in order to have it permanently removed from your CRD record and therefore no longer disseminated on BrokerCheck.

If you have questions regarding a criminal disclosure on your CRD record, contact us to discuss your options. Exploring whether you might be entitled to expungement under applicable law could mean a cleaner Form U4, a cleaner CRD record, and eliminating this obstacle from your financial industry career path.

Attorneys Contact Us

EXPUNGING CUSTOMER COMPLAINTS

Unfortunately for brokers and IA representatives, there often is no penalty or sanction for customers who make a false accusation or file a frivolous customer complaint. Bur you do have the right to have negative disclosures expunged from your CRD in specific circumstances, including when:

A customer has filed a false claim or complaint,
A customer has filed a claim or complaint that is clearly erroneous, and/or
A customer has filed a claim or complaint about a transaction in which you were not involved.

If you have suffered from a false or erroneous customer complaint, contact us to discuss your options. We offer expungement services for a flat fee as well on an hourly basis depending on your specific circumstances. We will investigate the complaint(s) at issue, determine if you have grounds for expungement, and, if appropriate, file a claim in FINRA Arbitration to seek such negative disclosures be permanently removed from your CRD record.



 

 

 

TESTIMONIALS

Previous
Next

I want to extend a tremendous thank you for your dedication, professionalism, hard work and patient demeanor through this challenging time. It was enjoyable interacting with everyone on your team, this certainly helped while dealing with the situation and working towards resolution.

Dan M.

LATEST NEWS AND ARTICLES

May 19, 2025
The Lower Barriers and Higher Risks of Private Market Investing

Investing in private companies is becoming more accessible—but whether that is a good thing remains up for debate.

May 16, 2025
Founder of AML Bitcoin Convicted in $5 Million Cryptocurrency Fraud Scheme

A California federal jury has convicted Rowland Marcus Andrade, the founder of AML Bitcoin, on charges of wire fraud and money laundering.

May 15, 2025
FINRA Suspends Former Raymond James Broker Over Unauthorized Trades in Elderly Client's Account

FINRA has suspended a former Raymond James advisor for three months and ordered him to pay over $23,000 in fines and disgorgement for executing unauthorized trades in an elderly client’s account.

TESTIMONIALS

Previous
Next

 


It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.


 

Beth M.

LATEST NEWS AND ARTICLES

May 19, 2025
The Lower Barriers and Higher Risks of Private Market Investing

Investing in private companies is becoming more accessible—but whether that is a good thing remains up for debate.

May 16, 2025
Founder of AML Bitcoin Convicted in $5 Million Cryptocurrency Fraud Scheme

A California federal jury has convicted Rowland Marcus Andrade, the founder of AML Bitcoin, on charges of wire fraud and money laundering.

May 15, 2025
FINRA Suspends Former Raymond James Broker Over Unauthorized Trades in Elderly Client's Account

FINRA has suspended a former Raymond James advisor for three months and ordered him to pay over $23,000 in fines and disgorgement for executing unauthorized trades in an elderly client’s account.