{"id":1559,"date":"2014-12-05T18:50:20","date_gmt":"2014-12-05T18:50:20","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/12\/cftc_finra_and_sec_fight_inves"},"modified":"2022-03-11T13:34:18","modified_gmt":"2022-03-11T19:34:18","slug":"cftc-finra-and-sec-fight-inves","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-finra-and-sec-fight-inves\/","title":{"rendered":"CFTC, FINRA, and SEC Fight Investor Fraud Together"},"content":{"rendered":"

\t\t\t\tThe Commodity Futures Trading Commission has launched CFTC SmartCheck. The site gives consumers information about financial fraud<\/a>. It links to The Securities and Exchange Commission’s EDGAR product registration database and the Financial Industry Regulatory Authority’s BrokerCheck system, as well as to the National Futures Association. For the first time the three regulators are joining forces to combat investor fraud<\/a>. The site makes checking the backgrounds of brokers and investment advisers more localized. <\/p>\n

This year, the CFTC spent around $4.2 million in consumer protection and has an even bigger budget for next year. Under the Dodd-Frank Act, the CFTC was given authority to establish a consumer protection fund that covers whistleblower office and education initiatives.<\/p>\n

Last month, the North American Securities Administrators Association announced that in 2013 state securities regulators increased the number of formal enforcement actions they initiated against licensed broker-dealer sales representatives, as well as firms and individuals that didn’t have a license. The states reported 810 actions against unlicensed firms or individuals, which is 34% more than the year before. There was an 89% rise in actions against (357) licensed broker-dealer agents between the same time period.<\/p>\n

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

The Commodity Futures Trading Commission has launched CFTC SmartCheck. The site gives consumers information about financial fraud. It links to The Securities and Exchange Commission’s EDGAR product registration database and the Financial Industry Regulatory Authority’s BrokerCheck system, as well as to the National Futures Association. For the first time the three regulators are joining forces […]<\/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":[3810,3739,3801],"tags":[],"class_list":["post-1559","post","type-post","status-publish","format-standard","hentry","category-cftc","category-finra","category-sec"],"yoast_head":"\nCFTC, FINRA, and SEC Fight Investor Fraud Together — Investor Lawyers Blog — December 5, 2014<\/title>\n<meta name=\"description\" content=\"The Commodity Futures Trading Commission has launched CFTC SmartCheck. The site gives consumers information about financial fraud. 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