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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Your Stockbroker's Disciplinary History-New FINRA Rule May Make Learning About It Easier 1 comment
    Jan 31, 2013 3:41 PM

    Actually it seems strange that is even still a question.

    The Financial Industry Regulatory Authority (FINRA) has for many years maintained the historical data regarding a stockbrokers educational, employment, regulatory, and disciplinary history. This report, called a CRD (Central Registration Depository) also contains information about any customer complaints, arbitration and lawsuits involving that broker as well as whether that broker has ever filed for bankruptcy or had tax liens filed against him.

    It is my guess that it would be hard to find an investor who wouldn't want to know if the broker he is considering handing his nest egg over to manage has filed for bankruptcy or has a string of customer complaints.

    This information has been considered "public information" for many years however there has been little attempt until recently to let the public know about its existence. Until FINRA added the BrokerCheck service to their website a few years ago, the path to obtaining this public information was not well known.

    In a regulatory notice filed January 25th, 2013, FINRA is proposing that all firms include a description and a direct link to the information on the broker or firm on the BrokerCheck website. This proposal is open for public comment for 45 days from the January 25th publication in the Federal Register.

    For more what is included on a stockbroker's CRD visit here.

    If you have questions about losses in your brokerage account, please do not hesitate to contact us. We have been helping retirees and investors recover stock market losses for more that 25 years.

    Nationwide representation.

    Free consultation.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • Marvin123
    , contributor
    Comment (1) | Send Message
    Very true.Such a nice concept. Your information is true up to great most of the extent. Thanks for sharing.Thanks for the useful information.Such a inspirable and good post . I am able to get new knowledge while reading this . Keep sharing this type of informative posts.


    25 Mar 2013, 06:52 AM Reply Like
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