A disclosure system that Wall Street’s watchdog promotes as a tool for researching brokers lacks crucial details, a group of consumer lawyers says it will reveal in an analysis on Thursday. The analysis will raise questions about whether the BrokerCheck service, run by the Financial Industry Regulatory Authority (FINRA), gives investors all the information they need to make an informed decision about choosing a broker. The study is being released by the Public Investors Arbitration Bar Association (PIABA), a group of attorneys who represent investors in securities arbitration cases. More on Reuters here.
