Finra is publishing the names of every firm and individual responsible for unpaid customer arbitration awards in a single location on its website. The information will continue to appear on BrokerCheck reports, too, but Finra believes the new format will be more transparent and accessible to investors.
The list includes the names of firms and individuals whose Finra registration has been terminated, suspended, canceled or revoked, or who have been expelled from Finra. These firms and people failed to pay a monetary award within 30 days and then did not comply within 21 days after a follow-up notice.
Source: Investment News