Publication
Financial Advisor Magazine
10.09.2019
In December 2017, FINRA announced plans for a major overhaul of the expungement process in its Notice to Members 17-42. The proposal included a number of changes, most of which were designed to make it more difficult and expensive for financial professionals to seek expungement. Most significantly, the changes included a one-year time limit for any expungement request, a heightened standard for granting expungement, increased fees, and the requirement of a unanimous decision by three arbitrators.
Recently, FINRA finally offered some insight into what will happen next.
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