September 16, 2009
I am a securities practitioner with over 15 years of arbitration experience.
FINRA's stated mission is to protect and educate the public investor, and its Broker Check is designed to do just that. Limiting the reporting of broker misconduct to two years, or for that matter at all, is contrary to the stated mission of FINRA and specifically its Broker Check. I submit that there should be no time limit for maintaining details regarding broker misconduct or customer complaints concerning a presently and/or formerly licensed broker. The investing public is entitled to know the enitre history of an individual with whom they are entrusting their lives savings.