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Posts Tagged ‘Markey letter to Ketchum’

FINRA BrokerCheck: Protecting Who?

Posted by Larry Doyle on October 28th, 2013 7:42 AM |

FINRA’s mandate is to protect investors.

How do the executives running FINRA reconcile that mandate with the fact that problematic issues raised by Senator Ed Markey (D-MA) back in the mid-1990s continue to be outstanding today? In a recent letter sent by Markey to FINRA CEO Richard Ketchum, the Senator from Massachusetts writes,

I was alarmed to learn that arbitration awards and settlements do not show up in FINRA’s BrokerCheck database because brokers have been able to successfully expunge the information. (more…)






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