The Securities and Exchange Commission recently approved the Financial Industry Regulatory Authority’s plan to reduce the previously established 15-day waiting period to publish details of advisor terminations and investigations on its BrokerCheck system, according to a regulatory notice published Monday.

The change could help some advisors when changing firms or looking to go independent, said Mindy Diamond, president and CEO of recruiting and consulting firm Diamond Consultants. Most firms do not want to bring on individuals while things are unsettled.

“We are working right now with a high quality, terminated advisor who is going crazy while he waits for his firm to publish details,” Diamond said.

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