New York, NY securities attorney Jenice L. Malecki talks about correcting form U5 information. She explains that if there is inaccurate information on a broker’s Form U5 in the Central Registration Depository (CRD), it is possible to file a FINRA arbitration to have that information expunged. Specific rules govern which types of information may be removed, including certain customer complaints or termination details, provided the broker can demonstrate that the information is inaccurate. The process proceeds like any other FINRA arbitration: a complaint is filed—typically against the current or former broker-dealer—followed by discovery and a hearing. While it is not a simple process, she notes that they have achieved significant success in obtaining expungements for many brokers over the years.