*Financial Planning *investigation shows that a systematic expungement, or
purging, of numerous advisors’ disciplinary histories not only raises
questions about the value of BrokerCheck, but more crucially about whether
the arbitration system used by FINRA’s leadership is rigged to hide
investor complaints that could have provided a warning to other investors.

"It's not a fair process," a former Royal Alliance client, Sandra
Liebhaber, says of her experience in a FINRA hearing, in which arbitrators
prevented her from arguing against her former broker's request to erase the
public record of Leibhaber's case.



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http://bit.ly/1YYMiJe+


-- 
Peterk
Dallas, Tx
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"The problems of our economy have occurred not as an outgrowth of
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They have occurred under the guidance of federal agencies, and under the
umbrella of federal regulations."
Senator Ted Kennedy, in defending trucking deregulation in 1978.

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