Updated Saturday, November 1, 2014 as of 12:53 AM ET

Why FINRA's BrokerCheck is Under Fire

FINRA’s BrokerCheck service for investors is facing criticism on multiple fronts.

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Comments (1)
The amazing irony in all of this is that FINRA boasts about all the fine and penalty revenue it is collecting in an effort to protect the public and then turns around and displays such inexcusable inefficiency in the disclosure mechanism available to that same public body. To add to the irony, a huge portion of their sanctions are carried out on the small broker/dealer community, while the big firms pose too large an effort for FINRA to commit its resources to. As someone who was in the industry for 42 years, I would love to give testimony on how this arrogant body operates, as well as its self serving predecessor, which was both a regulator and a competitive market maker in the industry at the same time. How ludicrous was that?
Posted by Vernon James D | Friday, March 07 2014 at 10:17AM ET
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