In 2021 it seemed like there was a new freight brokerage opening daily. When you can get away with insane margins and are making money hand over fist, it's easy for some individuals to be drawn to the financial industry. However, before entrusting your hard-earned money to a financial adviser, it is crucial to do your due diligence and research their background. This is where BrokerCheck comes into play.
Consumers can — and should — find out what they can about a financial advisor's background before handing over their money. BrokerCheck is a tool provided by the Financial Industry Regulatory Authority (FINRA) that allows investors to look up information about brokers and brokerage firms. This database contains valuable information such as employment history, licenses, certifications, and any disciplinary actions or complaints filed against them.
Many advisers we represent are unaware that some of their historical complaints have been revived and reposted on their BrokerCheck profile. The good news is that BrokerCheck provides transparency and allows investors to make informed decisions when choosing a financial adviser. It is essential to review this information before making any investment decisions to ensure that you are working with a reputable and trustworthy professional.
Despite Rule Change, FINRA's BrokerCheck Tags No 'Restricted' Firms. This highlights the importance of conducting your research and utilizing tools like BrokerCheck to verify the credentials and track record of financial advisers. By utilizing these resources, investors can protect themselves from potential fraud or misconduct.
Between June and September 2022, while associated with Schwab, Ethan Christopher Martin “converted and improperly used funds from a married couple's account for his personal use.” This case underscores the significance of conducting thorough background checks on financial advisers before entrusting them with your finances. BrokerCheck can provide valuable insights into an adviser's track record and any disciplinary actions taken against them.
When it comes to investing, you don't want to be stuck with a broker who isn't legit. Before working with one, do your homework. BrokerCheck is a valuable tool that can help you make informed decisions and avoid potential financial scams or fraud. By taking the time to research and verify the background of financial advisers, investors can protect their investments and financial well-being.
A veteran Philadelphia-area broker, Austin Dutton, who has been under the scrutiny of securities regulators for years, is now facing one of the... This case highlights the importance of conducting thorough due diligence on financial advisers before entrusting them with your money. BrokerCheck can provide valuable information about an adviser's background and any disciplinary actions taken against them.
A former Wells Fargo Advisors Financial Network broker in Chicago has accepted an industry bar rather than cooperate with a Financial... This case serves as a reminder of the importance of conducting thorough background checks on financial advisers before making any investment decisions. BrokerCheck can provide valuable insights into an adviser's track record and help investors make informed choices.
