FINRA BrokerCheck Sets Sights On Former Brokers

Law360 (April 27, 2009, 12:00 AM EDT) -- The Financial Industry Regulatory Authority has proposed an update to its BrokerCheck service that would make all records of final regulatory actions against brokers permanently available to the public, even if they no longer work in the securities industry.

The proposed rule is a departure from current FINRA policy, which generally removes public access of a broker’s record from BrokerCheck two years after he or she has left the securities industry.

BrokerCheck enables potential investors and consumers to look up the qualifications and disciplinary history —...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.