Finra Being Pushed To Crackdown On Stockbrokers Who Fail To Disclose Red Flags

On behalf of Hertz Schram PC on Friday, August 29, 2014.

FINRA is being pushed by PIABA to crackdown on what brokerage firms and brokers are required to report to FINRA and what FINRA should make available on the broker reports to the public. PIABA wants additional black marks to be reported by brokers to allow investors to see potential red flags when doing a broker check on the FINRA website. The additional black items being pushed to report include personal bankruptcies in the past 10 years, criminal convictions and charges, judgment liens, fraud, theft, violations of investment-related statues, regulations as well as industry standards of conduct according to Jeane Eaglesham and Rob Barry from The Wall Street Journal. 

Hertz Schram PC Securities Litigation Defense team specializes in defending brokerage firms and brokers throughout the nation.  Bradley J. Schram is an expert in helping set the record straight with over 35 years of experience successfuly defending complex securities claims.

If you need representation, please contact Bradley J. Schram by calling (248) 494-4486 or by filling out an electronic contact request form by CLICKING HERE  for a free consultation.