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CMF Wins FINRA Expungement of Customer Complaint for Registered Representative

Press Release – New York, NY – June 24, 2020 – Securities and corporate law firm Carmel, Milazzo & Feil LLP announced today that it obtained a FINRA arbitration award (Case No. 19-00448) recommending expungement relief to a broker client of any and all references to a customer arbitration and despite the climate of denial of such applications and issues marshalling evidence relative to a now defunct broker dealer.  

The broker maintained that he was named to the underlying arbitration in error and CMF attorneys provided ample evidentiary support for that position.  As a result of all such proofs submitted, the arbitrator made an affirmative finding that the underlying arbitration claim was “factually impossible or clearly erroneous and the client was not involved in the alleged investment-related sales practice violation.” 

CMF is pleased with the result for our deserving client and maintain that this finding is an affirmation that a broker’s CRD need not be forever marred with an unfounded complaint or arbitration that appears on his or her license.  CMF attorneys are available to discuss how we can assist with your next expungement issue.  We can be contacted at or (212) 658-0458.

About Carmel, Milazzo & Feil LLP
Carmel, Milazzo & Feil LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on the NYSE, NASDAQ and OTC Markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA, and other tribunals, as well as State and Federal Courts.

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