How many bad apples in that barrel?

Is your broker a bad egg?  Does he or she work in a company with a collection of bad eggs?  Would you hesitate to use a brokerage with a higher-than-usual percentage of bad eggs?

“Brokerages With Checkered Past to Face New Disclosure Focus, Finra CEO Says,” The Wall Street Journal, May 7, 2016 B7.  Finra’s BrokerCheck app is useful.  The underlying data may be made available to the public.

What if a similar database were compiled on corporations?  How many of your employees have a checkered past?  If you know, do your other employees have a right to know?  Are your customers entitled to this information?

Not sure whether to fill this under “use of information” or “compliance.” Or “governance” or “oversight.”

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Filed under Business Case, Collect, Communications, Controls, Governance, Management, Oversight, Privacy, Risk, Third parties

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