Updated Tuesday, July 22, 2014 as of 11:40 PM ET
Practice - Regulatory/Compliance
Proposed FINRA Procedures May Let Brokers Expunge Records
Friday, February 1, 2013

A customer of mine filed an arbitration action against my firm. Although I wasn't a party to the lawsuit, I now have to report it on my U4 because my name was mentioned in the complaint. The customer wound up losing the case, and I'd like to get this removed from my record. I've been told that since I wasn't technically a party to the lawsuit, there's no way to get this off my record. Can you help?

T.W., New York

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