FINRA Considering Adding More Information to BrokerCheck
FINRA has issued a Regulatory Notice seeking input about expanding the information available on the BrokerCheck program, which houses information about broker-dealers and registered representatives. The request is in response to SEC recommendations that BrokerCheck look more like the IARD system used for investment advisers. The SEC has asked FINRA to consider adding educational backgrounds, reasons for termination, and scores on qualification examinations. Additionally, FINRA asks whether it should release information to third parties for commercial purposes.