2.5 Years Later

PIABA: After Report Detailing BrokerCheck System’s Flaws, No Action Has Been Taken

Fecha:

PIABA: After Report Detailing BrokerCheck System's Flaws, No Action Has Been Taken

Autor: Fórmate a Fondo

  1. PIABA says that “FINRA did not fix BrokerCheck. Instead, the industry self-regulatory organization made things worse by spending millions in advertising to get unwary investors to rely on the flawed BrokerCheck system”
  2. "BrokerCheck reports often omit information about brokers that is highly relevant and necessary for investors to make informed decisions about who they may want to hire"
  3. If FINRA fails to act, Congress should step to require more complete and transparent disclosure through BrokerCheck, according to PIABA.