FINRA CEO: BrokerCheck Revamp Won’t Include Test Scores

    FINRA CEO: BrokerCheck Revamp Won’t Include Test Scores

Richard Ketchum, chairman and CEO of the Financial Industry Regulatory Authority (FINRA), on Monday addressed concerns from brokers and advisors over whether their test scores would be revealed on BrokerCheck after the site’s recent revamp. Test performance “is not the type of information [FINRA] is interested in disclosing,” Ketchum said at FINRA’s annual conference. Right now, Ketchum told the nearly 1,000 attendees of the conference in Washington, nearly “90% of investors make decisions about the investment professionals without first using BrokerCheck. We want to change that by raising awareness of the tool and providing the kind of information that helps investors make good decisions.”

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