FINRA Expands BrokerCheck


FINRA (The Financial Industry Regulatory Authority) has obtained approval from the SEC (Securities and Exchange Commission) to expand BrokerCheck, amending FINRA Rule 8312.  Currently, a broker’s record is publicly available for two years after he/she leaves the industry and is, therefore, no longer under FINRA’s jurisdiction.  The expansion to FINRA’s BrokerCheck will make broker’s records permanently available.  See FINRA Regulatory Notice 09-66.

As stated FINRA’s CEO, Richard Ketchum; “This is an important step for investors and for investor protection.”

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