How can I check the background of my broker or brokerage firm?

To conduct a background check of your broker or firm, visit NFA's Background Affiliation Status Information Center (BASIC). BASIC provides information concerning disciplinary actions taken by NFA, the CFTC and all the U.S. futures exchanges. If you are researching a firm, you should also conduct a background check of all the individuals listed as principals of the firm. Sometimes the firm will have no disciplinary history, but one or more of the principals may have been disciplined while working at other firms.