DEFINITION of 'FINRA BrokerCheck'

An information vehicle containing statistics on both past and present securities brokers and firms registered with FINRA. With FINRA BrokerCheck, an investor can find a firm's history, learn of any indiscretions and locate and identify popular choices among investors.

BREAKING DOWN 'FINRA BrokerCheck'

FINRA BrokerCheck was created by the Central Registration Depository. The database contains information on approximately 665,000 brokers and firms, as well as thousands of previously registered ones. FINRA BrokerCheck is also an explanatory tool that shows how to properly use and manage the information provided.

RELATED TERMS
  1. Financial Industry Regulatory Authority ...

    A regulatory body created after the merger of the National Association ...
  2. Comprehensive Automated Risk Data ...

    The Comprehensive Automated Risk Data System (CARDS) is an initiative ...
  3. Compliance Registered Options Principal ...

    A supervisory and compliance position that FINRA required of ...
  4. Series 23

    An exam offered by the Financial Industry Regulatory Authority ...
  5. Form T

    Form T is an electronic form that FINRA requires brokers to use ...
  6. Series 7

    A general securities registered representative license administered ...
Related Articles
  1. Personal Finance

    How to Evaluate Financial Advisors Via BrokerCheck

    Many people research restaurants or movies, but few select brokers or financial advisors with much due diligence. Here's how BrokerCheck can help.
  2. Insights

    FINRA: How It Protects Investors

    Find out the history of FINRA, and how it's organized to monitor the markets and protect investors.
  3. Financial Advisor

    How to Avoid Advisors Who've Been Disciplined

    It's not hard to find out if a potential financial planner has a shady past. Here's why it's so important to check an advisor's credentials and history.
  4. Financial Advisor

    Expect FINRA to Ask These Culture Questions

    This month, FINRA kicks off its culture examinations for brokerage firms. Here's how to cram for the test.
  5. Financial Advisor

    Becoming A Registered Investment Advisor

    To become a registered investment advisor requires specific licensing, qualifications and regulations, but the greater freedom may be worth it.
  6. Financial Advisor

    What Advisors Need to Know About Rule 3210

    Here's what advisors and brokers need to know about FINRA Rule 3210.
  7. Insights

    401(k) Predators: Don't Become Prey

    Be leery of "free" financial education sessions - the providers may not be working in your best interest.
  8. Personal Finance

    Why Bad Credit Is Bad for Financial Careers

    In order to maintain a career in the financial industry, a clean credit report is important.
  9. Trading

    Is Your Forex Broker A Scam?

    While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.
  10. Investing

    Resolving Disputes With Your Financial Advisor

    Before you blame your advisor for your losses, be sure you know your rights and responsibilities.
RELATED FAQS
  1. How does FINRA differ from the SEC?

    The Financial Industry Regulatory Authority (the ex-National Association of Securities Dealers) is one of the most important ... Read Answer >>
Hot Definitions
  1. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
  2. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs are often issued by companies seeking the capital to expand ...
  3. Cost of Goods Sold - COGS

    Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company.
  4. Profit and Loss Statement (P&L)

    A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ...
  5. Monte Carlo Simulation

    Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted ...
  6. Price Elasticity of Demand

    Price elasticity of demand is a measure of the change in the quantity demanded or purchased of a product in relation to its ...
Trading Center