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How can I do a background check on a broker?

Do a Background Check on Your Broker

Before you sign up with a broker, do a background check. You can find out about any broker or firm that deals in securities by searching the NASD Web site. Formerly called the National Association of Securities Dealers, NASD is responsible for regulating brokers. By searching the NASD site, you can find information about any past rule violations and unethical practices of any securities firm or broker.

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