Report: FINRA makes it easy to delete broker-misconduct data

Financial Industry Regulatory Authority procedures make it easy for brokers to delete information about misconduct from BrokerCheck, according to a report by the Public Investors Arbitration Bar Association. Between May 2009 and December 2011, FINRA arbitrators expunged data on cases resolved by stipulated awards or settlement 96.9% of the time, the report says.

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