Now that I have your attention, I have no idea if your broker is a crook or not. But if you do one thing today, go to BrokerCheck to perform a background check on your financial advisor. Hopefully yours has a clean record and not several red flags against them.In baseball, you get three strikes and you are out. In other professions, it may only take one or two strikes to get tossed. But at the self-regulatory organization FINRA, the Financial Industry Regulatory Authority, that oversees the brokerage industry, it could take 69! The New York Times just wrote a lengthy article about a stockbroker who received 69 customer complaints over 13 years before finally being barred from the business in 2014.
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