SEC and FINRA Provide Sources for Safe Investment Decisions

Posted on July 7th, 2015 at 8:50 AM
SEC and FINRA Provide Sources for Safe Investment Decisions

From the Desk of Jim Eccleston at Eccleston Law LLC:

FINRA has launched an ad campaign featuring a service called BrokerCheck. This service compiles a database of every broker’s employment history, certifications and licenses, regulatory actions, and violations. FINRA chairman and CEO Richard Ketchum is worried that investors are not taking careful action when investing large sums of money. He sees BrokerCheck as a quick and easy measure to ensure your money is in safe hands.

The 15-second ads will run on CNBC, Bloomberg, CNN, MSNBC, Fox Business, Fox News, ESPN, Discovery, The History Channel, and HGTV. Judging by the aggressive campaign, it looks as though FINRA seriously hopes that this measure will

For its past, the SEC has issued an investor alert. The “Five Red Flags of Investment Fraud” include:

  • Promises of High Returns with Little or No Risk-if it sounds too good to be true, it probably is.
  • Unregistered Individuals -always check to make sure the person selling the investment is registered and licensed.
  • Red Flags in the Financial Professional’s Background-check the background by looking at the FINRA BrokerCheck site, SEC and state regulator records.
  • Pressure to Buy Quickly-if you are being pressured to act quickly, you should stop and take a closer look.
  • Free Meals-be wary of the ‘free lunch’.

With this basis due diligence, investors can help themselves make safe investment decisions.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, FINRA, BrokerCheck

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You guys are good!

Mike L.


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