FINRA for Financial Television

Last week, FINRA made some good progress in helping brokerage customers :

The Financial Industry Regulatory Authority, the brokerage industry’s self-policing body, said it has won approval from the Securities and Exchange Commission to expand its free BrokerCheck Service and make the disciplinary records available permanently. Until now, a broker’s record stopped being available two years after he or she left the securities industry….

People used BrokerCheck in 2008 to make 11.6 million reviews of broker or firm records, FINRA said. Investors can access BrokerCheck at http://www.finra.org/brokercheck or by calling (800) 289-9999.

Well done.

Financial Television could get GREAT overnight, if they stopped ENCOURAGING wreckless speak and started OUTING outrageous claims. It is not going to happen, but it really should and it would make for GREAT television with a smart audience. We would see all kinds of long form discussions with deep audience engagement. The content would be worth watching…if not live, than on demand.

If Jim Cramer had to watch this as a lead in each time he was to appear on CNBC, he would stop doing it.

Instead we will get more of the same from Dick Bove, Abby Joseph Cohen and yes Jim Cramer on television and other major media.

Responsibility is supposed to be the name of the game in the money business. It has become Dancing With The Stars.

If we had a FINRA for financial media personalities, I think financial television would look very different.

12 comments

  1. no, but it would be ENTERTAINING as compated to what they call it today and
    it would make for more responible programming and cause us in the industry
    less of a sore eye.

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  4. gregorylent says:

    talking heads medium rewards hyperbole, plus no one attends in a continuous manner anyway.

    primitive medium, and would like to see a poll, has anything of value ever been seen on financial television? ever?

  5. no, but it would be ENTERTAINING as compated to what they call it today and
    it would make for more responible programming and cause us in the industry
    less of a sore eye.

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  7. gregorylent says:

    talking heads medium rewards hyperbole, plus no one attends in a continuous manner anyway.

    primitive medium, and would like to see a poll, has anything of value ever been seen on financial television? ever?

    • no, but it would be ENTERTAINING as compated to what they call it today and
      it would make for more responible programming and cause us in the industry
      less of a sore eye.

  8. gregorylent says:

    talking heads medium rewards hyperbole, plus no one attends in a continuous manner anyway.

    primitive medium, and would like to see a poll, has anything of value ever been seen on financial television? ever?

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