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BrokerCheck is a free tool from FINRA that can help you research the professional backgrounds of brokers and brokerage firms, as well as investment adviser firms and advisers.

The information about brokers and brokerage firms that you find in BrokerCheck comes from theCentral Registration Depository(CRD®). All brokers must be licensed and registered by FINRA, and CRD is the securities industry online registration and licensing database. Information in CRD is obtained through forms that brokers, brokerage firms and regulators complete as part of the securities industry registration and licensing process.

The information about investment adviser firms and representatives comes from the Securities and Exchange CommissionsInvestment Adviser Registration Depository (IARD)database.

A BrokerCheck report for a broker who iscurrently registered with FINRAor a national securities exchange, or who has beenregistered within the last 10 years,contains:

that provides a brief overview of the broker and his or her credentials.

section that includes a listing of the brokers current registrations or licenses, if any, and industry exams he or she has passed. To be registered in the securities industry, individuals must pass a qualification exam. After October 1, 2018, most persons seeking a representative-level registration must pass the new Securities Industry Essentials (SIE) exam and one or more specific qualification exams. Individuals holding a representative-level registration will be credited with the SIE exam, with a Date Passed of October 1, 2018. Individuals registered within the last four years also will be credited with the SIE exam, with the Date Passed set as the date of the termination of their last registration.

A list of registered securities firms where the broker is currently and/or was previously registered.

The brokers employment history for the last 10 yearsboth in and outside the securities industryas reported by the broker on his or her last Form U4 (which securities firms use to register brokers with self-regulatory organizations (SROs) and states). Employment history includes full and part-time work, self-employment, military service, unemployment, and full-time education.

section that includes information about customer disputes, disciplinary events, and certain criminal and financial matters on the brokers record. Some of these items may involve pending actions or allegations that have not been resolved or proven.

The brokers most recently submitted comment(s), if any.

A BrokerCheck report for a broker whose registration with FINRA or a national securities exchangeterminated more than 10 years agogenerally contains:

that provides a brief overview of the broker and his or her credentials.

section that includes a listing of the brokers prior registrations or licenses, and industry exams he or she has passed.

section that consists of two types of information:

A list of securities firms where the broker was previously registered. Please note that one or more of these securities firms no longer may be registered with FINRA or a national securities exchange.

The brokers employment history for the last 10 yearsboth in and outside the securities industryas reported by the broker on his or her last Form U4 (which securities firms use to register brokers with SROs and states). Employment history includes full and part-time work, self-employment, military service, unemployment, and full-time education.

section that includes information about certain criminal, regulatory, civil judicial, or customer complaint events involving the broker. For an event to be included in a BrokerCheck report for a broker terminated more than 10 years ago, the broker must have been:

convicted of or pled guilty or no contest to certain crimes;

subject to a civil injunction involving investment-related activity or found in a civil court to have been involved in a violation of investment-related statutes or regulations; or

named as a respondent or defendant in an arbitration or civil litigation in which the broker was alleged to have committed a sales practice violation, and which resulted in an award or civil judgment against the broker.

The brokers most recently submitted comment(s), if any.

A BrokerCheck Report for abrokerage firmcontains:

that provides a brief overview of the firm and its background.

that describes where and when the firm was established, and lists the people and organizations that own controlling shares or directly influence the firms daily operations.

that details any mergers, acquisitions or name changes affecting the firm.

section that lists the firms active licenses and registrations, the types of businesses it conducts and other details pertaining to its operations.

section that contains information about any arbitration awards, disciplinary events, and financial matters on the firms record. Some of these items may involve pending actions or allegations that have not been resolved or proven.

To learn more about adviser information contained in BrokerCheck, visit the SECsInvestment Adviser Registration Depository (IARD).

Generally, active firms and brokers are required to update their professional and disciplinary information in CRD within 30 days. Under most circumstances, information reported by firms, brokers and regulators is available in BrokerCheck the next business day.

Information that brokers have not reported, or are not required to report. This could include, for example: (1) non-investment-related civil litigation, including, for example, civil protective orders; (2) customer complaints that do not allege sales practice violations, fraud or theft; (3) certain personal or confidential information (for example, Social Security Numbers, residential addresses); or (4) arrests that did not result in a charge or conviction, and misdemeanor charges or convictions that are not investment-related or do not involve theft or a breach of trust, including, for example, disorderly conduct or assault. Previously reported information that is no longer required to be reported (such as judgments or liens that have been satisfied) is also not disclosed through BrokerCheck.

In addition, FINRA reserves the right to exclude confidential customer information, offensive and potentially defamatory language or information that raises significant identity theft or privacy concerns that are not outweighed by investor protection concerns.

Under FINRAs current public disclosure policy, in certain limited circumstances, most often pursuant to a court order, information may be expunged from the CRD system.

FINRA provides the following two databases as supplements to BrokerCheck:

FINRA Arbitration Awards Online- This database provides the full text of arbitration awards issued by arbitrators at FINRA and at other forums.

FINRA Disciplinary Actions Online- This database provides FINRA disciplinary actions that were issued during 2005 or later, and are eligible for publication pursuant to FINRA Rule 8313 (Release of Disciplinary Complaints, Decisions and Other Information). The database also includes opinions issued by the SEC and federal appellate courts that relate to FINRA disciplinary actions that have been appealed.

Investor Complaint CenterFile a complaint about fraud or unfair practices.

Whistleblower Tip-Line866-96-FINRA or[emailprotected]

Small Firm Helpline833-26-FINRA () (M to F 9-5 ET)

Office of the OmbudsmanReport a concern about FINRA. (888) 700-0028

File a Regulatory TipTo report on abuse or fraud in the industry.