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FINRA‘s proposal to change how broker complaints are expunged from CRD’s Broker Check at least offers the financial advisor some recourse on having “meritless” complaints removed from their record.

Prior to the current proposed changes, the broker who was not represented through arbitration channels had no way to protect their reputation from these types of complaints.

FINRA has asked advisors to comment on the new proposals prior to May 21, which is quickly approaching. Financial advisors should click the link below for details and direct access to the proposal.

FINRA Comments