The Financial Industry Regulatory Authority (“FINRA”) filed a rule proposal with the U.S. Securities and Exchange Commission (“SEC”) aimed at increasing investor protection. The proposal would allow FINRA’s BrokerCheck to display the same information available on the SEC’s Investment Adviser Public Disclosure (“IAPD”) website for brokers who are also registered as investment advisers. BrokerCheck and the IAPD provide a wealth of information about registered persons, including the individual’s disciplinary history. Earlier this year the SEC made changes to the IAPD so that it displays all information found on BrokerCheck for investment advisers who are dually registered as brokers.
Thank you for your professional assistance with this matter. You are very good at what you do.