{"id":1492,"date":"2014-07-31T11:35:30","date_gmt":"2014-07-31T11:35:30","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/07\/sec_signs_off_on_finra_rule_re_1"},"modified":"2021-12-08T10:59:40","modified_gmt":"2021-12-08T16:59:40","slug":"sec-signs-off-on-finra-rule-re-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/","title":{"rendered":"SEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints"},"content":{"rendered":"

\t\t\t\tThe U.S. Securities and Exchange Commission (“SEC”) has approved a Financial Industry Regulatory Authority (“FINRA”) rule that could make it tougher for brokers to expunge customer complaints from their records in settled arbitration cases. Rule 2081 bars brokers from making settlements with customers contingent upon the customer’s consent to not oppose the expungement of the dispute from the public record of the broker. <\/p>\n

A record of arbitration complaints filed against brokers is kept as a part of the CRD system. The CRD system contains data about registered representatives and members, including their registration, employment, and personal histories. It also includes disclosure information pertaining to civil judiciary, disciplinary, and regulatory actions, criminal matters, and data about customer disputes and complaints.<\/p>\n

The public can access this data through FINRA’s BrokerCheck website. Brokers can have a customer dispute erased from the CRD system and BrokerCheck only through a court order that confirms there has been an arbitration award that recommends such relief.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission (“SEC”) has approved a Financial Industry Regulatory Authority (“FINRA”) rule that could make it tougher for brokers to expunge customer complaints from their records in settled arbitration cases. Rule 2081 bars brokers from making settlements with customers contingent upon the customer’s consent to not oppose the expungement of the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3798,3739,3801],"tags":[],"class_list":["post-1492","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-finra","category-sec"],"yoast_head":"\nSEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints — Investor Lawyers Blog — July 31, 2014<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission ("SEC") has approved a Financial Industry Regulatory Authority ("FINRA") rule that could make it tougher for — July 31, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints — Investor Lawyers Blog — July 31, 2014\" \/>\n<meta name=\"twitter:description\" content=\"The U.S. Securities and Exchange Commission ("SEC") has approved a Financial Industry Regulatory Authority ("FINRA") rule that could make it tougher for — July 31, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints — Investor Lawyers Blog — July 31, 2014","description":"The U.S. Securities and Exchange Commission (\"SEC\") has approved a Financial Industry Regulatory Authority (\"FINRA\") rule that could make it tougher for — July 31, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/","twitter_card":"summary_large_image","twitter_title":"SEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints — Investor Lawyers Blog — July 31, 2014","twitter_description":"The U.S. Securities and Exchange Commission (\"SEC\") has approved a Financial Industry Regulatory Authority (\"FINRA\") rule that could make it tougher for — July 31, 2014","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints","datePublished":"2014-07-31T11:35:30+00:00","dateModified":"2021-12-08T16:59:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/"},"wordCount":409,"articleSection":["Arbitration","FINRA","SEC"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/","name":"SEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints — Investor Lawyers Blog — July 31, 2014","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2014-07-31T11:35:30+00:00","dateModified":"2021-12-08T16:59:40+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The U.S. Securities and Exchange Commission (\"SEC\") has approved a Financial Industry Regulatory Authority (\"FINRA\") rule that could make it tougher for — July 31, 2014","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-signs-off-on-finra-rule-re-1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SEC Signs Off On FINRA Rule Restricting Expungement Of Customer Complaints"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-o4","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=1492"}],"version-history":[{"count":2,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1492\/revisions"}],"predecessor-version":[{"id":21297,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1492\/revisions\/21297"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=1492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=1492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=1492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}