Form U5 is the Uniform Termination Notice for Securities Industry Registration. Broker-dealers, investment advisers, or issuers of securities use this form to terminate the registration of an individual in the appropriate jurisdictions and/or self-regulatory organizations (“SROs”).
Financial industry reporting firms are required to file a Form U5 when a registered person leaves a firm for any reason. U5 Form describes in detail why an individual left the brokerage firm or financial planning institution which is then be filed with the Financial Industry Regulatory Authority (FINRA). A firm must provide enough detail on an individual’s Form U5 FINRA so that a reasonable person may understand the circumstances described on the form.
It is important to note what a firm puts on your U5 Form as it is a document which is relied upon in the Financial Industry. This makes Hiring an experienced U5 expungement attorney for negotiating Form U5 disclosures and amendments with broker/dealer firms utmost important. Working with a lawyer during the initial period following termination can give a registered person a thorough comprehension of the overall Form U5 reporting process as well as help to set reasonable expectations, whether the attorney is at the forefront of discussions or works in the background.
If there is any misleading or false inform affecting your reputation in the FINRA U5 Form, the prime step is to consult an attorney, one may highly consider going for an expungement. However, one needs to understand that the same shall be opted in specific circumstances. The rules and requirements may vary for different situation. Consulting a FINRA expungement attorney is the prime task one needs to do in such situation.
We understand how Securities Industries work and focus on representing firms and individuals in the securities brokerage industry. Experienced team of u5 expungement lawyer dealing in negotiating Form U5 disclosures and amendments, bringing legal action to obtain expungements wherever necessary. We have a team of attorneys for financial advisors who have represented investors in claims against their brokerage firms and financial advisors. Represented financial advisors seeking expungements from their regulatory records. Represented Financial Advisors with FINRA Form U5 Language Negotiation after being discharged. Represented advisors in responding to FINRA 8210 Requests or any other Regulatory Investigations.
For additional help or information related to Form U5 termination expungements or expert witness services and new regulations for financial advisors, talk to the team here at MAH Advising LLC. Our attorneys have very good experience in helping brokers and firms navigate their FINRA forms and provide financial compliance services.