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FINRA for Financial Television
Howard Lindzon
November 23, 2009
The Financial Industry Regulatory Authority, the brokerage industry’s self-policing body, said it has won approval from the Securities and Exchange Commission to expand its free BrokerCheck Service and make the disciplinary records available permanently. Until now, a broker’s record stopped being available two years after he or she left the securities industry….
People used BrokerCheck in 2008 to make 11.6 million reviews of broker or firm records, FINRA said. Investors can access BrokerCheck at http://www.finra.org/brokercheck or by calling (800) 289-9999.
Well done.
Financial Television could get GREAT overnight, if they stopped ENCOURAGING wreckless speak and started OUTING outrageous claims. It is not going to happen, but it really should and it would make for GREAT television with a smart audience. We would see all kinds of long form discussions with deep audience engagement. The content would be worth watching…if not live, than on demand.
If Jim Cramer had to watch this as a lead in each time he was to appear on CNBC, he would stop doing it.
Instead we will get more of the same from Dick Bove, Abby Joseph Cohen and yes Jim Cramer on television and other major media.
Responsibility is supposed to be the name of the game in the money business. It has become Dancing With The Stars.
If we had a FINRA for financial media personalities, I think financial television would look very different.
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