FINRA Expungement

Free Consultation

Ian has been selected as a Massachusetts Super Lawyer. Only 5% percent of attorneys are selected each year, based on peer recognition and professional achievement.

Finra Expungement: Expunge Now or Forever Hold Your Peace?

FINRA has proposed significant changes to its rules for expunging erroneous customer complaints from a broker’s record. In May 2020, the SEC approved one proposed change to apply minimum fees for expungement requests, which is slated to go into effect by September 2020. Critics charge that this change will increase the fees charged to brokers and firms in expungement proceedings.

FINRA expects to finalize and propose its remaining changes to the SEC later this year. Critics are concerned that these changes will make it more difficult for brokers to expunge their records by imposing strict time limits on the filing of expungement requests. As a result, many commentators believe that brokers would be well-served by pursuing expungement requests now, before the new rules go into effect.

Attorney Ian McLoughlin has significant experience in FINRA and securities related cases. If you are a broker interested in expunging your record, contact Ian McLoughlin at (617) 869-4689.

Call Now

connect with us

If you are looking for high quality legal representation from an experienced securities lawyer in a FINRA, SEC or court proceeding, please contact us using the form below or call us at 617.869.4689.

Website material may constitute attorney advertising. Prior results do not guarantee a similar outcome. Do not act on the basis of any material on this site without seeking appropriate legal or professional advice. These materials are not a substitute for professional legal advice.