The Financial Industry Regulatory Authority has launched a free searchable database of disciplinary actions against brokers.
The database can be reached by visiting Finra's Web site or by clicking on this specific URL: http://www.finra.org/Industry/Enforcement/DisciplinaryActions/FDAS.
Users may search for actions by case number, document text, document type, action date (by date range), a combination of document text and action date, individual name and Central Registration Depository (CRD) number, or firm name and CRD number. The documents can be viewed online, printed or downloaded as text-searchable PDF files.
Previously, the public had to contact Finra to obtain copies of disciplinary actions. The new database makes available disciplinary action documents including letters of acceptance, waivers and consent (AWCs), settlements, National Adjudicatory Council decisions, Office of Hearing Officers decisions and complaints.
BrokerCheck reports, which provide disciplinary records on Finra-registered brokers and broker-dealers, will now link to disciplinary actions housed in the new system. Beginning June 15, Finra Monthly Disciplinary Actions will also link each write-up to its corresponding action in the database.