Regulatory Monitor: Broker-Dealer Update

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.