The Financial Industry Regulatory Authority has proposed an expansion of its BrokerCheck service that would make records of final regulatory actions against brokers permanently available.

In a regulatory filing with the Securities and Exchange Commission late last week, FINRA said that although a broker may no longer work in the securities industry in a registered capacity, he "may work in other investment-related industries or attain other positions of trust and about whom investors may wish to learn relevant securities-related disciplinary information."

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