Wipe the U-4 Clean?

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Mar 16, 2006 10:27 pm

Is there anyway to wipe an existing U-4 clean if you unlicensed, or get it deleted completely ?

Mar 16, 2006 10:41 pm
boink:

Is there anyway to wipe an existing U-4 clean if you unlicensed, or get it deleted completely ?


It's filed by your social security number and name.  You could change them.


On the other hand, if you're such a bad actor that you are afraid of your own U-4 why not just change careers and give society a break.  It will make you feel better about yourself when you're old.

Mar 17, 2006 8:04 pm
boink:

Is there anyway to wipe an existing U-4 clean if you unlicensed, or get it deleted completely ?





what is on your u-4?  how did you get a "disclosure event?"

Mar 17, 2006 10:03 pm

What are you trying to hide from potential employers/clients?  Your question doesn't exactly give me warm fuzzies...

Mar 21, 2006 12:46 pm

If the mark is a genuine error or you are innocent, then talk to a securities lawyer who handles NASD disputes.  This will cost you big bucks, but it's your best option.

If you did something wrong, but were not dismissed for it, then do not try to hide it.  Be up front about the 'mark'.  A calm, mature attitude about a "beginner's mistake" or "caught up in a bad situation" can smooth things over with hiring managers and most customers.

If you were terminated or lost your license for a period, then you will have a much harder time finding work again at a premium firm.  Some people have been able to lean on a loyal customer base and go independent.  Overall, the prospects are not good if you were terminated for cause.