Spotlight Turned On: SEC Approves Rule Requiring BrokerCheck Links to Firm Websites

Posted on October 28th, 2015 at 5:19 PM
Spotlight Turned On: SEC Approves Rule Requiring BrokerCheck Links to Firm   Websites

From the Desk of Jim Eccleston at Eccleston Law LLC:

The SEC has approved a FINRA rule requiring brokerage firms to add BrokerCheck links to their websites. BrokerCheck is a public database containing registration, employment abd disciplinary background information for FINRA registered brokers.

The rule is part of an effort by FINRA to raise awareness of BrokerCheck among investors. The rule drew strong opposition from the industry, which argued that the rule would be too costly and technologically unwieldly to meet.

As a result of this new publicity, financial advisors need to ensure that their BrokerCheck record is accurate, and take action if it is not accurate.

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

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