Form U4/U5 Expungements

Negative entries on Form U4s and U5s can seriously damage a financial advisor’s career. Matasar Jacobs regularly represents advisors in arbitration to remove false or misleading disclosures, protecting both reputation and future opportunities.

Where appropriate, we also pursue defamation claims against prior firms whose U5 language has unfairly harmed our clients, seeking both removal of the negative disclosure and compensation for resulting damages. In addition, we assist advisors in removing outdated references to old criminal charges from their Form U4 so past mistakes do not follow them indefinitely.

Our attorneys counsel clients on whether a negative entry qualifies for expungement and, when eligible, pursue arbitration with FINRA to clear U4 and U5 records. We focus on restoring our clients’ professional standing and ensuring their careers are not derailed by inaccurate or unfair disclosures.

Success Stories

Secured FINRA Expungement of False Sales Violations

Successfully obtained a FINRA order expunging references to sales practice violations on a client’s Form U4 and U5 after demonstrating the firm’s investigatory “findings” were directly contradicted by the facts.

Won Expungement for Junior Advisor in Compliance Dispute

Represented junior advisor on wirehouse team in expungement action after termination for compliance violation committed at the direction of the team founder, who was not reprimanded or terminated for the incident.

Leveraged Expungement Threats to Negotiate Favorable U5 Language

Regularly retained by financial advisors to use the threat of expungement litigation as leverage to negotiate favorable Form U5 termination language before publication on CRD.

I am truly grateful for their guidance and advocacy, and I would wholeheartedly recommend Matasar Jacobs to anyone in need of skilled, ethical, and dedicated representation in the financial regulatory space.

Financial Industry Litigation