FINRA has launched FINRA Disciplinary Actions Online, a searchable system that will give the public access to disciplinary actions for firms and registered representatives. It also adds another layer of transparency into the brokerage and financial advisory industry, on a firm and individual level.

After a user inputs a firm or individual's Central Registration Depository number, the new system will display letters of acceptance, waivers and consent and settlements. Users can also access decisions from the National Adjudicatory Council, the national committee that reviews initial decisions rendered in FINRA disciplinary and membership proceedings, according to the group's website.

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