Did You Research Your Stockbroker?

February 23, 2011

I’ve posted about stockbroker fiduciary obligations,  what about brokers’ professional and ethical obligations?  Here is good a NY Times Dealbook article about how Wall Street drags its feet in reporting broker misconduct.  In fact:

But Finra depends on Wall Street to update the records — and dozens of new cases show that the information is sometimes missing, out of date or erroneous. Any deficiencies can deprive individuals and institutions of crucial details they need to properly assess financial professionals before hiring them.

Check out any potential broker, and that doesn’t mean just checking Google.  Ask around.


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