The Financial Industry Regulatory Authority announced this week that it will soon propose to the Securities and Exchange Commission a significant expansion of the amount of information about current and former securities brokers it makes available to the public through its free online BrokerCheck service. Proposed changes include disclosing all complaints filed against a broker since 1999 (when electronic filing of such information started), increasing the amount of time a former broker’s records are publicly available from two years to ten years after the broker leaves the securities industry, and further expanding the amount of information that is permanently available about a former broker (including criminal convictions and certain civil decisions).

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