The Securities & Exchange Commission’s (SEC) Office of Investor Education and Advocacy issues alerts and bulletins from time to time designed to offer resources to address problems investors may face. Here is a link to that site.
In a recent bulletin, they provide resources to assist investors in checking out a financial professional’s background. The SEC notes that “Even if a close friend or family member recommends a financial professional, you should still check out that person for signs of potential problems.”
Current information, such as where the broker is presently working, whether he/she has ever been suspended/sanctioned and qualifications can be reviewed in a number of places, including:
- FINRA BrokerCheck website
- Investment Adviser Public Disclosure (IAPD) website
- Your state securities regulator’s website
See this for our discussion on how to protect yourself and your loved ones when choosing a broker or brokerage firm.
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
561 391 1900