By Harry A. Jacobowitz, Esq.
The Notice announces an effective date of October 16, 2023 for the new, restrictive rules, beginning a countdown for the last chance to preserve the opportunity to expunge many customer complaints from the Central Records Depository (CRD).
Explained Award: Schneider v. Khalsa, FINRA ID #16-00680 (Albuquerque, NM, 11/23/16).
Expungement recommendations by three-member panels are almost always unanimous,
An Explained Partial Expungement Award: Vogel v. Brouwer, FINRA ID #15-01636 (Detroit, MI, 6/6/16).
Expungements are usually all or nothing – either the complained-of expungement is erased from the broker’s records in its entirety or those records are left untouched.
We learned this week that FINRA had a lot to say about the most recent statistical study on expungement performed by the Public Investor Arbitration Bar Association.
The Public Investor Arbitration Bar Association (PIABA) rolled out a follow-up to its influential 2013 study of expungements in stipulated Awards in a press teleconference on Monday,
The presence of the current Director of Arbitration (DOA) and two past DOAs on the Panel at this year’s annual “Securities Arbitration & Mediation Hot Topics” seminar added dimension and perspective to the discussion of FINRA’s dispute resolution efforts at the May 19 program.
