service gives investors enhanced security.
It includes quarterly reports giving IW’s
Broker Safety Rating, with a list of the
facts bearing upon the rating, including
the specifics of any reported customer
complaints or regulatory actions.
Broker misconduct commonly
comes to light only as a firm updates
the broker’s disciplinary record through
filing a Form U4 or Form U5 with the FINRA.
Broker-dealers are not required to update
that information immediately. It is not
unusual, therefore, for several related
customer complaints to land on the broker’s
record in a matter of weeks or months.
Winnow protection allows the customer
to learn at least quarterly whether the
broker may have mistreated others in the
months before the latest report. The customer
can then take steps to ensure that he
will not be next in what might be a long
line of mistreated customers. Customers
ordering the Winnow service will receive
the latest issue of the Investor’s
Watchdog Sentinel newsletter.
IW's ongoing Winnow protection
service costs less than 75 cents per day
($269) annually. Ask your Investor’s Watchdog
representative about discounts on Winnow
protection on more than one broker.
Customers who want to know
sooner when a customer complaint or regulatory
action appears on a broker’s record should
consider Investor’s Watchdog’s Winnow
Plus service or the maximum protection
provided by an Investor’s Watchdog Constant