Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: December 7, 2022
The Firm
201-896-4100 info@sh-law.comIf you have an inaccurate or defamatory customer dispute on your firm’s FINRA Central Registration Depository (CRD) record, you can ask the agency for expungement. But what happens after you submit a FINRA expungement waiver request?
Under FINRA’s policies, expungement is an “extraordinary remedy” that’s appropriate in only limited cases. In order to successfully win expungement, you must prove the facts of your case and follow strict agency procedures. In our recent blog series, we went over FINRA’s proposed new changes to the requirements for expungement under Rule 2080.
To get a CRD record expunged, FINRA Rule 2080 requires that you:
You must fulfill the above requirements unless you get a waiver. A waiver can help streamline this process, save you time, and get your expungement faster.
To waive the requirements under Rule 2080, you must submit a waiver request to FINRA with all of the relevant court and legal documents. Your waiver request should include the statement of claim on your case, the answer to the claim, any settlement agreement or arbitration awards, and any other documents that may be relevant to your case.
What are these “relevant documents”? Essentially, for FINRA to accept a waiver in place of a court order, you must be able to prove to the agency that whatever process you went through to get your expungement can pass FINRA’s own standards under Rule 2080.
The process of applying for a FINRA expungement waiver involves the following steps:
To successfully get a waiver, you must be able to prove one of the following:
FINRA as an agency is most concerned with maintaining a record of accurate information that’s fair to all industry players and in the best interests of the public. As much as a customer dispute on your record affects you, it’s not all about you. An attorney who understands FINRA’s policies will know how to present a case with all of these considerations in mind.
If your waiver request gets denied, you can still move forward by naming FINRA in a court proceeding to confirm the expungement. The process may take you a little longer without a waiver, but you can still get a successful expungement of the inaccurate customer dispute.
Your FINRA lawyer can put together the most convincing case possible by making sure your waiver request checks all the right boxes and meets FINRA’s regulatory and political goals. To help set you up for success from the beginning, a good attorney will have FINRA’s waiver requirements in mind throughout the arbitration or settlement negotiation process.
In the world of securities, your reputation is everything. Clients must be able to trust their broker-dealer firms. Expungement can clear your public FINRA record of inaccurate information that would otherwise sully your name. Click here to contact the experienced Scarinci Hollenbeck team now about your options for FINRA customer dispute expungement.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Your home is likely your greatest asset, which is why it is so important to adequately protect it. Homeowners insurance protects you from the financial costs of unforeseen losses, such as theft, fire, and natural disasters, by helping you rebuild and replace possessions that were lost While the definition of “adequate” coverage depends upon a […]
Author: Jesse M. Dimitro
Making a non-contingent offer can dramatically increase your chances of securing a real estate transaction, particularly in competitive markets like New York City. However, buyers should understand that waiving contingencies, including those related to financing, or appraisals, also comes with significant risks. Determining your best strategy requires careful analysis of the property, the market, and […]
Author: Jesse M. Dimitro
Business Transactional Attorney Zemel to Spearhead Strategic Initiatives for Continued Growth and Innovation Little Falls, NJ – February 21, 2025 – Scarinci & Hollenbeck, LLC is pleased to announce that Partner Fred D. Zemel has been named Chair of the firm’s Strategic Planning Committee. In this role, Mr. Zemel will lead the committee in identifying, […]
Author: Scarinci Hollenbeck, LLC
Big changes sometimes occur during the life cycle of a contract. Cancelling a contract outright can be bad for your reputation and your bottom line. Businesses need to know how to best address a change in circumstances, while also protecting their legal rights. One option is to transfer the “benefits and the burdens” of a […]
Author: Dan Brecher
What is a trade secret and why you you protect them? Technology has made trade secret theft even easier and more prevalent. In fact, businesses lose billions of dollars every year due to trade secret theft committed by employees, competitors, and even foreign governments. But what is a trade secret? And how do you protect […]
Author: Ronald S. Bienstock
If you are considering the purchase of a property, you may wonder — what is title insurance, do I need it, and why do I need it? Even seasoned property owners may question if the added expense and extra paperwork is really necessary, especially considering that people and entities insured by title insurance make fewer […]
Author: Patrick T. Conlon
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
If you have an inaccurate or defamatory customer dispute on your firm’s FINRA Central Registration Depository (CRD) record, you can ask the agency for expungement. But what happens after you submit a FINRA expungement waiver request?
Under FINRA’s policies, expungement is an “extraordinary remedy” that’s appropriate in only limited cases. In order to successfully win expungement, you must prove the facts of your case and follow strict agency procedures. In our recent blog series, we went over FINRA’s proposed new changes to the requirements for expungement under Rule 2080.
To get a CRD record expunged, FINRA Rule 2080 requires that you:
You must fulfill the above requirements unless you get a waiver. A waiver can help streamline this process, save you time, and get your expungement faster.
To waive the requirements under Rule 2080, you must submit a waiver request to FINRA with all of the relevant court and legal documents. Your waiver request should include the statement of claim on your case, the answer to the claim, any settlement agreement or arbitration awards, and any other documents that may be relevant to your case.
What are these “relevant documents”? Essentially, for FINRA to accept a waiver in place of a court order, you must be able to prove to the agency that whatever process you went through to get your expungement can pass FINRA’s own standards under Rule 2080.
The process of applying for a FINRA expungement waiver involves the following steps:
To successfully get a waiver, you must be able to prove one of the following:
FINRA as an agency is most concerned with maintaining a record of accurate information that’s fair to all industry players and in the best interests of the public. As much as a customer dispute on your record affects you, it’s not all about you. An attorney who understands FINRA’s policies will know how to present a case with all of these considerations in mind.
If your waiver request gets denied, you can still move forward by naming FINRA in a court proceeding to confirm the expungement. The process may take you a little longer without a waiver, but you can still get a successful expungement of the inaccurate customer dispute.
Your FINRA lawyer can put together the most convincing case possible by making sure your waiver request checks all the right boxes and meets FINRA’s regulatory and political goals. To help set you up for success from the beginning, a good attorney will have FINRA’s waiver requirements in mind throughout the arbitration or settlement negotiation process.
In the world of securities, your reputation is everything. Clients must be able to trust their broker-dealer firms. Expungement can clear your public FINRA record of inaccurate information that would otherwise sully your name. Click here to contact the experienced Scarinci Hollenbeck team now about your options for FINRA customer dispute expungement.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!