What is a FINRA BrokerCheck?
BrokerCheck is a free tool from FINRA that can help you research the professional backgrounds of brokers and brokerage firms, as well as investment adviser firms and advisers.
What can you do through FINRA BrokerCheck?
BrokerCheck tells you instantly whether a person or firm is registered, as required by law, to sell securities (stocks, bonds, mutual funds and more), offer investment advice or both.
How do I check my FINRA status?
Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC’s Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator.
How long does BrokerCheck take to update?
within 30 days
Generally, currently registered brokers and brokerage firms are required to update their professional and disciplinary information in CRD within 30 days. Under most circumstances, information reported by firms, brokers and regulators is available in BrokerCheck the next business day.
How do I remove a disclosure from BrokerCheck?
The process is called CRD Expungement and is accomplished through an arbitration proceeding through FINRA Dispute Resolution. If you have unfair disclosure items on your FINRA BrokerCheck Report, then request a free consultation or call 1-800-405-5117 to speak with a FINRA U4 Expungement Attorney now.
Who has the most disclosures on BrokerCheck?
Aegis Capital Corp.
30 Firms Most Harmful to Investors*
| Rank | Company Name | % w Disclosure Events* |
|---|---|---|
| 1 | Aegis Capital Corp. | 24.10% |
| 2 | Summit Brokerage Services | 19.08% |
| 3 | National Securities Corp. | 18.03% |
| 4 | Centaurus Financial, Inc. | 16.28% |
How to register with FINRA?
Registration is completed by following instructions provided by FINRA after you submit your Form-U4. You will need to provide your name, FINRA identification number, a contact phone number, and the type of exam you want to take in order to schedule your test. The $245 registration fee is also paid online.
How to find my CRD number FINRA?
If you find the individual on BrokerCheck,click the “More Details” button below their name to view their summary report.
How to check FINRA licenses?
– Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. – Or, visit the SEC’s Investment Adviser Public Disclosure (IAPD) website. – Also, contact your state securities regulator. – Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.
What is FINRA and what does it do?
The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States. Its stated mission is “to safeguard the investing public against fraud and bad practices.”