"Skeletons Leave the Closet" June 23, 2014
On June 23, 2014, BrokerCheck Information makes publicly available information regarding investment-related civil action(s) brought by a state or foreign financial regulatory authority dismissed pursuant to a settlement agreement about former associated persons of a FINRA member firm that were registered on or after August 16, 1999. Established in 1988, the public disclosure program known as BrokerCheck assists investors in making informed choices about the individuals and firms with which they conduct business. Past settlements will now be disclosed publicly for independent financial advisors formerly registered if they involve an investment-related civil action brought by a state or foreign financial regulatory authority. The disclosure also includes being named as a respondent or a defendant in an arbitration for investment-related or sales practice violation. FINRA will disclose information concerning such settlements, including administrative information like employment and registration history, as well as information regarding qualification examinations and their efforts to pass the same. FINRA will allow the former registered person to provide a comment through an appropriate form pursuant to procedures established under FINRA rules, provided the comment is related to the information that will now be permanently available to the public domain.
Posted in: FINRA
Jump to Page
Arrow icon Top

Contact Us

We use cookies to improve your website experience, provide additional security, and remember you when you return to the website. This website does not respond to "Do Not Track" signals. By clicking "Accept," you agree to our use of cookies. To learn more about how we use cookies, please see our Privacy Policy.

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.