What If You Can't Find Your Broker on the FINRA BrokerCheck?


Quick Answer

If a broker's name doesn't come up on the BrokerCheck tool and the name is surely spelled correctly, then this could mean that the broker is not licensed and this may not be reputable to work with, notes the Financial Industry Regulatory Authority. However, it can also mean that the broker hasn't been active for 30 days yet, which is the time it usually takes firms to provide updated information on their brokers.

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Full Answer

Not being able to find a broker on BrokerCheck can make it difficult to verify the person's background, as the tool can provide information about the broker's credentials, licenses, previous disputes and employment history, notes the Financial Industry Regulatory Authority. Since the broker will provide financial help, it's important to use one whose credentials can be verified.

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