That is, FINRA arbitration panels have the power to order the expungement of information in the CRD system which is defamatory in nature. S e e FINRA Notice to Members 99-54. Accordingly, FINRA Rule XXXX, FINRA Rule XXXX, FINRA Rule XXXXX and FINRA Rule XXXXX do not apply to intra-industry disputes, unless the information to be expunged involves customer dispute information. For example, a broker may request expungement of the reason for termination (e.g., failure to meet production standards) reported on his or her CRD record by a former employer. Because this request does not involve customer dispute information, arbitrators may recommend expungement of this information from the CRD system without addressing the standards set forth in FINRA Rule XXXX or the procedural requirements under FINRA Rule XXXXX and FINRA Rule XXXXX.
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Answer: You can reach us at
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