The legendary basketball coach, John Wooden, once said: Be more concerned with your character than your reputation. Your character is what you really are while your reputation is merely what others think you are.
Unfortunately, in today’s technological world, registered representatives’ websites are required to provide links to their BrokerCheck reports. Derogatory blemishes may lead to significant financial harm by unfairly casting registered representatives in a negative light. Our vast experience representing the financial services industry in NASD/FINRA, SEC and state regulatory matters can help rehabilitate BrokerCheck reports. Let our team focus on your reputation. You stay focused on your character.
FINRA’s Notice to Arbitrators and Parties on Expanded Expungement Guidance specifically states that “expungement is an extraordinary remedy that should be recommended only under appropriate circumstances. Customer dispute information should be expunged only when it has no meaningful investor protection or regulatory value.”
In our view, the protection of one’s professional reputation justifies an extraordinary remedy. Bogus, over-reaching and boilerplate allegations have no meaningful investor protection or regulatory value. The only way to ensure a meritless complaint does not unfairly tarnish your reputation, professional license and livelihood is to courageously rise up and take action. That’s why over the years we have routinely sought and obtained expungements on behalf of registered representatives.
SHM+G can provide guidance on:
- How to file a FINRA Statement of Claim for Expungement and who to file it against.
- How to obtain expungement in court or other arbitration forums if not registered with FINRA.
- What to do to actually remove the disclosure if you prevail in arbitration or court.
- The time and costs involved, from beginning to end.