Jacko Law Group, PC
Call Today for a Consultation
San Diego 619-298-2880 San Francisco 415-766-3599 Los Angeles 213-631-2549

FINRA Enhances BrokerCheck Capabilities

Enhancements to make FINRA's BrokerCheck and Investment Advisor Public Disclosure (IAPD) systems more user-friendly went live last week. FINRA's press release announcing the changes notes that they were implemented to ease investors' access to information concerning brokers, investment advisers and their firms. Many of the improvements address recommendations from a 2011 SEC report, mandated by Dodd-Frank, which outlined ways to improve investor access to information about financial professionals. Through the updated system, investors can now:

  • Access centralized licensing and registration information on current and former brokers and brokerage firms, as well as investment adviser representatives and investment advisory firms;
  • Search for and locate a broker or investment adviser based on main office and branch locations, and the ability to conduct ZIP code radius searches; and
  • Have the ability to see new help icons that clarify commonly referenced terms throughout the system.

During his opening remarks at FINRA's 2012 Annual Conference, FINRA Chairman and CEO Robert G. Ketchum announced further modifications to the system are underway. Ketchum noted FINRA's February Notice seeking input from industry members on other proposed modifications to the systems, including more detailed disclosures of educational background and professional designations and changes in the way information is presented.  In his remarks, Ketchum also eased industry fears about broker and adviser licensing test scores being published, stating "I want to stress that that's not the type of information we're interested in disclosing." For additional information about FINRA or any other compliance concern please contact Sarah Weber at sarah.weber@jackolg.com or (619)298-2880.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help?

Email us to request more information or to schedule an appointment.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

San Diego Office
1350 Columbia Street
Suite 300
San Diego, CA 92101

Toll Free: 866-497-2298
Phone: 213-631-2549
Phone: 619-298-2880
Fax: 619-298-2882
Map & Directions

San Francisco Office
Four Embarcadero Center
Suite 1400
San Francisco, CA 94111

Phone: 213-631-2549
Phone: 415-766-3599
Fax: 619-298-2882
Map & Directions

Los Angeles Office
535 N. Brand Boulevard
Suite 279
Glendale, CA 91203

Phone: 213-631-2549
Fax: 619-298-2882
Map & Directions