An appeals court has upheld an $11 million defamation award issued to an investment manager who was terminated by UBS Financial Services three years ago, according to FinancialAdvisor. The Appellate Court of Illinois affirmed a circuit court ruling in the case of Mark...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Expungement Claims
Why and When Registered Representatives Should Consider Seeking Expungement
Expungement is the removal of certain disclosure events on a registered representative’s record – primarily customer complaints and arbitrations, and in some instances employment termination explanations. Once a disclosure event is expunged, it is no longer accessible...
Former UBS Registered Representative Wins Expungement of Eight Customer Complaints Related to Lehman Brothers Principal Protected Structured Products (FINRA Arbitration No. 14-02603)
A FINRA arbitration panel out of Louisville, Kentucky recently granted the request of former UBS registered representative Harry M. Hadden III (“Hadden”) to expunge eight (8) customer complaints from his Central Registration Depository (“CRD”) record related to the...
FINRA Board of Governors Approves Tougher Expungement Guidance for Arbitrators
The FINRA Board of Governors (the “Board”’) met in mid-September to discuss rulemaking items and initiatives. Among other issues, the Board authorized FINRA to file with the SEC proposed amendments to FINRA Rules 12805 and 13805 (Expungement of Customer Dispute...