Monday, March 19, 2007
NASD announced a updated version of its BrokerCheck public disclosure program that allows members of the public to obtain information about brokers. Beginning today, NASD BrokerCheck is available online 24 hours a day, seven days a week. Vastly improved search options make finding an individual broker or firm faster and easier. When they find that a broker or firm has "disclosure events" such as criminal actions, customer complaints and disciplinary actions by regulators, investors no longer have to make a separate request for a disclosure report to be sent via email at a later time. Instead, the disclosure report is available online within seconds. Finally, an educational component has been added to the service, to help investors view any disclosure events in the appropriate context when evaluating a particular firm or broker.