The Scoop

Will Deener and Paul Foutch of the Dallas Morning News used data from the NASD, which regulates brokers, to show that “less than 1 percent of the 14,450 active brokers in D-FW have three or more investor complaints on their NASD record,” but that “brokers are not required to tell a potential customer how to find their regulatory records or even that they exist. Brokerage firms do have to send existing customers an annual reminder that brokers’ records are publicly available, but that message isn’t getting through.”