Continuing its efforts to increase the amount of publicly available information on financial industry professionals, the Financial Industry Regulatory Authority (FINRA) announced last Wednesday its proposed plans to significantly expand the disclosure of customer complaints against current and former registered representatives (RRs).

FINRA’s proposal, which it plans to submit to the Securities and Exchange Commission for approval in the coming weeks, would increase public access to records of complaints filed against RRs through BrokerCheck, FINRA’s publicly accessible online database of information regarding RRs. The proposed expansion focuses on increasing the number of customer complaints reported publicly and also extends the disclosure period for certain types of information.