Writings by Christopher D. Warren

Mr. Warren routinely handles business-to-business disputes, government investigations, and complex enforcement proceedings on behalf of clients before regulatory entities such as the U.S. Securities and Exchange Commission, FINRA, and state regulatory agencies such as the Attorney General Office.

Client Alert

Library

Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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How Does FINRA Determine the Standards for Expungement of Customer Dispute Information?

The Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization, a not-for-profit, non-governmental regulator for all broker-dealer firms and brokers that sell securities in the United States. FINRA protects investors by ensuring that broker-dealers and brokerage firms operate fairly and honestly. Brokers and FINRA-registered financial professionals often come to us when looking to settle a […]

Author: Christopher D. Warren

January 11, 2023

How Do You Request Expungement if the Parties Settle the Arbitration?

Requesting Expungement in a FINRA Settlement Arbitration In the highly competitive financial world, any organization, manager, or owner must ensure that your business’s Central Registration Depository (CRD) doesn’t have negative customer complaints. If you are looking for FINRA settlement solutions, keep reading. Public investors often consult CRD through FINRA BrokerCheck before making investment decisions. The […]

Author: Christopher D. Warren

January 6, 2023

So Your FINRA Expungement Got Approved. What Next?

If you have an inaccurate or erroneous customer dispute on your broker’s record, getting it expunged is a no-brainer. But the FINRA expungement process isn’t easy. In fact, the agency calls expungement an “extraordinary remedy” to be used only in limited cases. But let’s say you brought on an experienced legal team who helped you […]

Author: Christopher D. Warren

December 16, 2022

FINRA 2080

What Findings Are Required for FINRA Expungement?

Under FINRA Rule 2080, broker-dealer firms, offices, and professionals in the securities industry can request customer disputes be expunged from FINRA’s public records. When reputation is so important to client trust and retention, expungement is a no-brainer. But FINRA has high standards of review and a limited appeals process to challenge decisions – you must […]

Author: Christopher D. Warren

December 13, 2022

What Happens After You Submit a FINRA Expungement Waiver Request?

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 […]

Author: Christopher D. Warren

December 7, 2022

Proposed New Changes to the FINRA Rule 2080 Expungement Process

If you have customer complaints or adverse disclosures reported on your FINRA Central Registration Depository (CRD) against you, those CRD disclosures can seriously hurt your reputation in the securities industry. FINRA CRD complaints may involve claims of sales practice violations, forgery, theft, or misappropriation or conversion of funds. In this article, we take a look […]

Author: Christopher D. Warren

October 26, 2022

Is It Necessary Under Rule 2080 to Obtain Court Confirmation of an Expungement Award?

Simply put, the answer is yes. FINRA Rule 2080 (“Rule 2080”) is complex and must be followed properly to obtain expungement of a customer complaint from an individual’s BrokerCheck report Rule 2080 requires that a court of competent jurisdiction (state or federal court) confirm an expungement award before FINRA will remove a customer complaint from […]

Author: Christopher D. Warren

September 26, 2022

Published Works

What Crypto Credit Cards in Latin America Will Mean for the Industry

Cryptocurrency broker-dealer, Binance, has paired with Mastercard to develop a crypto credit card issued in Argentina. This partnership will make Argentina the first South American country to utilize a money services business, allowing main street customers to pay in Bitcoin. The blockchain technology behind the Binance Mastercard converts cryptocurrency to fiat for each transaction without […]

Author: Christopher D. Warren

August 30, 2022

Are you in the Business of Blessings? Here's What You Should Know About Your 501(d)

The 501(d) model of tax exemption echoes all the way back to the use of home-brewed alcohol sales by monks to help keep their monastery running. The tradition of the monastically produced alcoholic beverage goes back over 1,000 years and has yielded the discovery of many a potent potable, from the Trappist style of beer […]

Author: Christopher D. Warren

June 2, 2022

Published Works

FINRA Fines Companies for Crowdfunding Violations

FINRA has recently fined two registered funding portals, Wefunder and StartEngine, a combined $1.75 million for failing to comply with securities laws and regulations designed to protect crowdfunding investors. Wefunder raised approximately $20 million more than they were permitted under FINRA’s current crowdfunding regulations. They also failed to promptly direct the transmission of funds to […]

Author: Christopher D. Warren

May 10, 2022

YouTuber Keith Gill, "Roaring Kitty," Loses Broker License

Keith Gill’s license to trade was revoked, the Wall Street Journal reports, after inquiries were made into Gill’s “outside business activity” on social media. Could your social media presence be considered an ongoing FINRA violation? If you have received an investigation letter from FINRA, the SEC, or State regulators, call (201) 896-4100 or email info@sh-law.com for a […]

Author: Christopher D. Warren

March 4, 2021

Reddit User Roaring Kitty Under Investigation by Securities Regulators

Keith Gill, a registered securities broker better known by his online persona Roaring Kitty, is currently under investigation via his former employer Mass Mutual according to the New York Times. The MA Securities Division are investigating whether Mass Mutual knew that Gill was touting GameStop stock via his YouTube channel, contributing to the massive short […]

Author: Christopher D. Warren

February 4, 2021

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