Over the past several years, the Financial Industry Regulatory Authority (FINRA) has made a number of controversial proposals intended to increase the amount of information available to investors about their brokers and broker-dealers and to inform investors as to how they can access that information on FINRA’s BrokerCheck (BrokerCheck). As part of that initiative, FINRA recently received approval to require broker-dealers to include a link to BrokerCheck on their websites. FINRA also has been working to impose more stringent expungement standards through which brokers can have events removed from their BrokerCheck.
The Investment Lawyer
Regulatory Monitor: Broker-Dealer Update