Becker v. Edward Jones, FINRA Case #22-01321

Brokers-dealer’s motion to dismiss expungement granted based on six-year rule for industry disputes.

In an expungement case brought by a registered representative against his former broker-dealer, the respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes) was granted. Specifically, the arbitrator found that the claimant's request for expungement of alleged defamatory information on his CRD record was initiated almost eight years after his discharge. In addition, the claimant acknowledged that he had known of the discharge notice since its filing but that he was unaware until recently that expungement could be requested.


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