California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Securities
Broker Misrepresentation
Brokerage Firms Sued
FINRA
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Misconduct
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Products
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Name:
Email:
Phone:
Are you a new client?
Message:
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

SEC Approves FINRA Request to Publish Detailed Disciplinary Complaints and Decisions

The SEC approved a proposal that will allow FINRA to publicly release copies of all disciplinary complaints or decisions it issues, including the names of parties involved.

Previously, FINRA was restricted from posting complaints and was obliged to mask the names of parties not named as subjects, for instance, referring to a third party as "JD" instead of John Doe.

This is significant because under the new model, FINRA will be able not only to post a greater selection of complaints, similar to the current SEC framework, but will also allow FINRA to name third parties including brokers that might be involved with, but are not central to, a disciplinary incident and this mention will become public record.

The goal is to provide a more transparent and consistent approach to broker background information.

While some have expressed concern that the publication of a wider array of complaints may unfairly tarnish a broker's reputation based on a potentially erroneous claim, others are in agreement that the more information available to investors, the better.

Said Pete Bush of Horizon Wealth Management LLC: "That may give [investors] some good information to make a decision on whether to work with [a broker] or not."

The SEC-backed proposal affects FINRA's monthly and quarterly notices available online, as well as the FINRA BrokerCheck system.

News: Finra gets OK to share more info about reps' disciplinary records (InvestmentNews)

Categories: Brokercheck, FINRA
accolades
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.
Website: