{"id":1411,"date":"2014-03-07T16:33:42","date_gmt":"2014-03-07T16:33:42","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/03\/finra_deletes_certain_broker"},"modified":"2014-03-07T16:33:42","modified_gmt":"2014-03-07T16:33:42","slug":"finra-deletes-certain-broker","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-deletes-certain-broker\/","title":{"rendered":"FINRA Deletes Certain Broker \u201cRed Flags\u201d From Records, Reports PIABA Study"},"content":{"rendered":"

\t\t\t\tAccording to a Public Investors Arbitration Bar Association study, the Financial Industry Regulatory Authority “routinely” erases certain red flags in the records of brokers from its online BrokerCheck resource-the same tool that it tells investors to go to check on the history of financial representatives. The PIABA study looked at data about brokers found on FINRA’s BrokerCheck and compared it to other reports on the same reps, also from FINRA’s database but accessible in states that have strong freedom of information laws. <\/p>\n

The group found that warning indicators pertaining to tests flunked by a broker, investigations into possible sales abuses involving securities<\/a>, internal reviews for fraud, or regulation and rule violations could be accessed through the states but no longer through FINRA. PIABA says that other red flags that the SRO has deleted from BrokerCheck include failed qualifications tests, personal bankruptcy filings older than 10 years, and federal tax liens that have since been satisfied.<\/p>\n

FINRA’s BrokerCheck<\/strong><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to a Public Investors Arbitration Bar Association study, the Financial Industry Regulatory Authority “routinely” erases certain red flags in the records of brokers from its online BrokerCheck resource-the same tool that it tells investors to go to check on the history of financial representatives. The PIABA study looked at data about brokers found on […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773],"tags":[],"class_list":["post-1411","post","type-post","status-publish","format-standard","hentry","category-broker-fraud"],"yoast_head":"\nFINRA Deletes Certain Broker \u201cRed Flags\u201d From Records, Reports PIABA Study — Investor Lawyers Blog — March 7, 2014<\/title>\n<meta name=\"description\" content=\"According to a Public Investors Arbitration Bar Association study, the Financial Industry Regulatory Authority "routinely" erases certain red flags in the — March 7, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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