The Financial Industry Regulatory Authority also known as FINRA, is hoping to make information about brokers more accessible to the investors, which they feel would hold those in the industry more accountable for their actions.
In September, FINRA voted to submit proposals to the U.S. Securities and Exchange Commission (SEC) that would make information in its BrokerCheck system easier for investors to find, and keep permanent the records of dismissed investment-related civil actions.
FINRA's BrokerCheck is a free online tool that allows access to the professional backgrounds of about 1.3 million current and former FINRA-registered brokers and 17,400 current and former FINRA-registered brokerage firms. This system is accessed via FINRA's website.
FINRA proposed amendments which would require all member firms to include a reference and a link to BrokerCheck on their own company home pages and related websites for all FINRA-registered brokers. There is an amendement to keep investment-related civil actions that have been dismissed by a settlement agreement on permanent public file in the BrokerCheck system as well. The amendments also would allow for downloading of BrokerCheck information as approved by the board. FINRA is hoping to make BrokerCheck easier for all investors to use.
Soreide Law Group, PLLC, represents clients nationwide. If you have experienced financial losses due to your broker/dealer or financial professional’s recommendations, call for a free consultation on how to potentially recover your financial losses. To speak with an attorney call 888-760-6552, or visit our website at: https://www.securitieslawyer.com.
Investors potentially experienced sales practice violations by securities broker Russell Glenn Bedore [CRD: 4729849, Deerfield Beach, Florida], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Bedore has been registered with LPL Financial LLC since May 14, 2026, and previously worked for J.P. Morgan Securities LLC from July 15, 2013, through May 15, […]
Investors might have sustained losses due to securities broker Matthew James Kloos [CRD: 7292988, Monroeville, Pennsylvania], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Matthew Kloos worked for Cetera Investment Services LLC from February 21, 2024, to April 23, 2026, and previously worked for Mutual of Omaha Investor Services Inc. from August […]
Investors potentially experienced sales practice violations by securities broker Melissa Star Williams (also known as Melissa Star Bortfeld, Melissa Starr Williams, Melissa Williams Frasca) [CRD: 4298503, Spokane, Washington], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Williams worked for Centaurus Financial Inc. from August 28, 2015, through March 14, 2024, before registering with […]
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