Expungement: Extraordinary remedy or something that can be had for the asking?

Hugh Berkson, president of the Public Investors Advocate Bar Association, joins us to discuss FINRA's latest plans to tighten its expungement procedures and why they're a good idea. The expungement of online customer complaints and other disciplinary records is meant to be an extraordinary remedy granted for allegations that were "factually impossible, clearly erroneous or false." Berkson and others PIABA think expungement is instead granted too readily to advisors who go to the trouble of asking for it.