WHAT IS U-5 DEFAMATION?

Video Transcription

U-5 defamation is a false statement about a broker on their Form U-5 which is filed by FINRA. The only way to remove a false or defamatory statement is by bringing a FINRA arbitration. Many times if the broker can establish that the statement was untrue or false, economic damages can be recovered and the defamatory language can be removed.