Firms employ brokers who have regulatory records

Paul Foutch and Will Deener of The Dallas Morning News used state securities board data to show that four firms in the Dallas-Fort Worth brokerage industry have brokers with extensive regulatory records. The investigation used NASD data (the industry’s self-regulatory body, formerly known as the National Association of Securities Dealers) obtained from the Texas State Securities Board, and analyzed the regulatory records of the 14,450 brokers with offices in D-FW as of April 7. “The paper focused on firms with a minimum of 15 brokers, about 125 firms including some insurance, mutual fund and other financial companies.”