SIE practice questioneasyBrokerCheck
FINRA BrokerCheck is a tool that allows the public to do which of the following?
- AResearch the background and registration status of brokers and broker-dealer firms✓ Correct answer
- BView the real-time trading activity of any broker
- CFile arbitration claims directly with FINRA
- DTransfer accounts between broker-dealers
Explanation
Why A — Research the background and registration status of brokers and broker-dealer firms
FINRA BrokerCheck is a free, publicly available online tool that allows investors to research the professional background of current and former FINRA-registered brokers and broker-dealer firms. Information available includes registration history, employment history, customer disputes, regulatory actions, and certain financial disclosures (such as bankruptcies and liens). BrokerCheck draws data from the Central Registration Depository (CRD). It does not show real-time trades, facilitate arbitration filings, or handle account transfers.
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