BrokerCheck

Today, Eric and I were reviewing the FAST reports that he had created for me (see his interview for more info on what FAST is), when out of the blue Eric asked me if I had ever looked up his BrokerCheck report.

Apparently, FINRA, which was created when the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASD) merged together, tracks every broker and reports their history, where they work, what licenses they have, and most importantly, if they have any complaints against them.

Now, this says a lot about Eric, I think. Obviously he is confident enough in his abilities as a financial advisor that he would point out that I should pull up his record. Of course, that's exactly what I did. As expected, no complaints. Interestingly enough, I also looked up the broker who came in second. She had three complaints against her. Wow! I would have never known.