Finra Scrub of Broker Records Yields Frustration, Results

The effort by Wall Street’s self-regulator to check every registered broker’s public record for undisclosed tax liens and other hidden financial and legal matters has left some firms scrambling to verify missing information and update their records. And while the Financial Industry Regulatory Authority’s move to scrub the records of 638,019 registered brokers has resulted mainly in compliance headaches for many firms, the effort has yielded some tangible results as well. More in the Wall Street Journal here.