According to a recent PIABA report, almost 90% of brokers who are found guilty of misconduct successfully have this information expunged from their records. Although expungement is deemed an extraordinary measure it has become commonplace, which places investors at risk. Hugh Berkson believes that a “wholesale change” in the system must occur.
Hugh Berkson is a Securities Attorney with McCarthy, Lebit, Crystal & Liffman, Co. LPA with over 20 years of representing individuals who have lost money due to the negligence of investors and brokers.
Hugh is a past President of the Public Investors Arbitration Bar Association (PIABA), an international legal association composed of practitioners who represent investors in disputes with the securities industry. He was also just re-elected to PIABA’s Board of Directors, where he has served as a director since 2011.
