BrokerCheck USA

What’s BrokerCheck, the United States’

USA BrokerCheck is a free online tool that helps people research brokers, brokerage firms, consultant firms and consultants. Visiting BrokerCheck, investors can see a variety of information that may be useful in the process of selection and verification of individual financial advice provider or a broker/brokerage firm, such as a description, services offered, credentials, sanctions, registrations and much more. BrokerCheck is offered and administered by the financial industry regulatory authority (finra), the largest non-governmental firm regulator of the securities market in the United States. Data and information available in BrokerCheck comes mainly from two sources: the Central registration Depository (DPR), the securities industry online registration and licensing database, provided by the broker and brokerage information and information about investment adviser firms and representatives comes from the securities and exchange Commission investment adviser registration Depository (IARD) database.

Breaking down the ‘BrokerCheck USA’

Given the breadth of its data sources, license finra BrokerCheck (brokercheck.finra.org) contains information on approximately 700 000 brokers/brokers and advisers/adviser firms, as well as thousands of previously registered. License finra BrokerCheck is also an explanatory tool that shows how to properly use and manage the information provided. With US BrokerCheck, an investor can find the company’s history, learn of any indiscretions and locate and identify the most popular among investors.

BrokerCheck USA: available information

As for brokers who are currently registered with finra, a national securities exchange or have been registered within the last 10 years BrokerCheck, the United States provides:

  • Summary report of the broker and their powers
  • Broker qualifications, such as current registrations or licenses, including examinations, which they passed
  • Registration and employment history, which contains a list of companies engaged in the securities broker is Registered or was previously registered, as well as employment history going back 10 years (both within and outside the industry).
  • Disclosure in criminal, regulatory, civil, or customer complaint to actions

For brokerage firms, BrokerCheck provides:

  • Summary report of the company and its background
  • Firm profile, describing the origins of the company, its leadership, and who owns it
  • Firm history of acquisitions, mergers or name changes
  • Firm operations section, including licenses and registrations, what business he was doing, ADN any other operational disclosures
  • In the section disclosure of information that has information about arbitration awards, disciplinary events and financial matters on her record (both past and pending).

BrokerCheck does not contain any information that was not disclosed in the DWP, some personal or confidential information (social security numbers or address), and satisfaction of judgments or liens. For more information, see the information page finra BrokerCheck and answers.

FiINRA BrokerCheck Other Resources

In addition to BrokerCheck, individuals planning to hire a broker or an investment Advisor needs to search for resources, their state securities regulators, who also will oversee and may require registration of brokers or consultants. License finra also provides two additional databases: the United States arbitration Awards online and the finra disciplinary actions online.

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