Tips to Help You Find Financial and Securities Regulation information The federal or state securities laws have made it mandatory for brokers, investment advisers, and their firms to be licensed or registered in their particular states. They are also needed to make essential information public. Conversely, it is up to you to look for that data and take advantage of it in protecting your investments. The good news is that this information is easily accessible online. You should first ensure that your broker or investment advisers have not previously had any disciplinary issues with regulators or their other investor before you decide to invest or pay for investment advice. You also need to ask them if they have been registered or licensed by the governing body. It is vital to know this since recovering your money from unregistered securities brokerage companies who become bankrupt can be difficult even if the court rules in your favor. By searching the Central Registration Depository (CRD) database, you will discover so much about most brokers and the specific companies where they work. You will also discover details about where these financial agents worked before plus their academic qualifications. You can further ask your state securities regulator to furnish you with more data from the Central Registration Depository since they can provide you with more detailed information especially when it comes to clients complaints.
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After checking out the registration status and record of your financial firm, you should seek to know whether or not the financial firm is a member of the Securities Investor Protection Corporation (SIPC). SIPC gives clients protection if the financial companies become bankrupt. If you place your money or securities in the hands of a financial firm that is not SIPC member; you will not be eligible for compensation by SIPC once the company goes out of business. The minute you have settled on a few potential firm it is important to ask them a few questions during the time that you visit them. Some of the questions you should ask are: o Clarify to me what experience you have in handling clients, especially in my case? o Which institution did you attend and what is your work history? o Which products and services do you give and whether you can vouch for other products or services to me? o What method of payment do you accept for your services? o Have you previously had a disciplinary action taken against by any government regulator for unprincipled conduct or have you ever been charged by a client who was not contented with the work you did? As soon as they answer all these questions, you need to compare the different financial companies and decide on which company you can happily work with.