If the arbitrator(s) grant the FINRA U5 Expungement, the award must then be confirmed in court before the information can be removed from the CRD. FINRA rules require that FINRA be named as a party in the court proceeding to confirm the arbitration award unless it grants a waiver. The party seeking expungement should send FINRA a written request for a waiver, along with relevant documents, such as the statement of claim, answer, any settlement agreement, the arbitration award, and any other relevant documents.
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Joined February 2022
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