SEC creating searchable database of bad brokers

Source: Melanie Waddell, ThinkAdvisor

The Securities and Exchange Commission is creating a website that will contain “a searchable database of individuals” who have been barred or suspended as a result of federal securities law violations, said the agency’s chairman, Jay Clayton.

The searchable website, Clayton continued, “will be particularly valuable when bad actors have shifted from the registered space for investment advisors and broker-dealers to the unregistered space.”

 

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financial advisers, database, sec, brokers


 
 

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