Comment Period Open on FINRA Rule Proposal Concerning Expungement

Over the past several weeks, Dylan Donley has written extensively about the FINRA expungement process, including what expungement is, why expungement exists, how often expungement is granted, why it is granted, FINRA’s notice to arbitrators concerning expungement and FINRA’s proposed new rules on expungement.

Comments are now being accepted on SR-FINRA-2014-020, a proposed rule that would prohibit respondents from conditioning settlement of customer disputes on the customer’s agreement to not challenge a future expungement request.  The Investor Advocacy Clinic will be commenting on this important proposal.

What do you think about the new proposal?  Now is your chance to tell the SEC what you think with your own comment letter.  Learn more about how to submit a comment here.