08.01.22
FINRA Seeks to Rein in a Common Expungement Tactic
by: Melanie Waddell
The Financial Industry Regulatory Authority (FINRA) has filed a rule proposal to modify a “straight-in expungement,” a tactic FINRA says presents inherent difficulties as such requests are granted at a higher rate than other types of expungement requests. FINRA said that it plans to continue to reform its expungement process “so that it operates as intended — as a remedy that is appropriate only in limited circumstances in accordance with the narrow standards in FINRA rules.”
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