Securities regulation and Form U-5 Expungements lawyers
A Form U-5 is a form completed by a brokerage firm upon termination of employment and forwarded to securities regulators. If a firm is seeking to retaliate against a broker, it may leave defamatory information on the broker registration that can be damaging to the reputation and a permanent blemish on a broker license. At Lax & Neville LLP, we focus on litigation and the rights of our client involved in the securities industry.
We are a securities regulation firm and broker registration attorneys experienced in protecting the reputation and future income stream for brokers nationwide. Contact us for a free consultation on Form U-5 Expungements or securities regulation.
Protecting Your Rights And Your Broker License
Most registered members of the broker dealer community do not recognize the significance of the regulatory reporting requirements or even recognize the many terms used in the business until they have a problem. Our attorneys will take strategic and immediate action to protect your rights. Our partners are members of the FINRA board of arbitrators and have received expungement training provided by FINRA.
We have successfully negotiated or obtained arbitration awards with substantial changes to negative entries on professionals' Form U-5s. If you are concerned about securities regulation and need a Form U-5 Expungement, please contact us for an initial consultation or case evaluation.
Securities Registration And Regulatory Forms
There are Forms U-4, U-5, and RE-3, and the CRD system, which is run by FINRA under an agreement with the North American Securities Administrators (NASSA). Unfortunately, there can be issues for brokers when defamatory or false and misleading Form U-5 filings are made by former employers. Our attorneys have extensive experience in the registration process and in handling cases where defamatory statements have been made against employees.
Nationwide representation for brokers seeking expungement
In some states, these filings enjoy absolute privilege, and in others only a qualified privilege. Our firm is highly experienced in this area and has counseled registered representatives successfully in both defamation and expungement claims against their former employers. In today's highly charged regulatory environment, even one negative Form U-5 entry can negatively impact your ability to earn a living by causing problems with your registration in various states or affiliation with different insurance/annuity companies.
Contact Lax & Neville LLP for a free consultation with an experienced securities and employment litigation lawyer. Serving clients nationwide in securities, employment and investment law. Located on the corner of 41st Street & Broadway, New York, NY.