FINRA Finds Form U-5 Language “Defamatory in Nature,” Orders Expungement and Replacement Language by Two FINRA Firms, Including Fidelity Brokerage Services

Patrick Van Hien v. PCBB Capital Markets, LLC (FINRA Arbitration No. 13-00429)

Following an arbitration hearing, a Los Angeles FINRA Panel issued an Award recommending the expungement of language on the Law Offices of Montgomery G. Griffin’s client’s Form U-5 at two broker-dealers, Fidelity Brokerage Services and PCBB Capital Markets. The Award specified that the firm’s client had brought a claim for defamation, which our firm vigorously pursued to a successful result.