FINRA Withdraws Proposed Amendments to Expungement Process
Commentary by Steven Lofchie
FINRA withdrew proposed amendments to modify the process for expunging customer dispute information. In doing so, FINRA indicated that it would "continue [its] longstanding efforts with [the North American Securities Administrators Association ("NASAA")] to support a redesign of the current expungement process."
Commentary
Presumably, NASAA expressed concern that the rule amendments would facilitate expungements of information to which NASAA objected.