{"service":"adviser-broker-verification","architecture":"per-call LIVE fetch + fusion of two public registries by CRD#; NO bulk database, NO caching of a CRD corpus (FINRA ToU §6(f)/§6(h)); results reflect the current published record at fetch time.","sources":[{"key":"brokercheck","name":"FINRA BrokerCheck","covers":"broker-dealers and their registered representatives (BD side, CRD)","host":"api.brokercheck.finra.org","attribution":"Source: FINRA BrokerCheck","site":"https://brokercheck.finra.org","terms":"https://brokercheck.finra.org/terms-and-conditions","license":"FINRA BrokerCheck Terms of Use (rev. 2023-11-17) §5 — reuse and redistribution of derived data permitted for investor-protection / compliance / regulatory purposes when §5(i-v) are met; per-call live fetch only, no bulk database."},{"key":"iapd","name":"SEC IAPD (Investment Adviser Public Disclosure)","covers":"investment adviser firms (RIAs) and investment adviser representatives (IA side)","host":"api.adviserinfo.sec.gov","attribution":"Source: SEC IAPD (Investment Adviser Public Disclosure)","site":"https://adviserinfo.sec.gov","terms":"https://adviserinfo.sec.gov/Individual/Disclaimer","license":"SEC IAPD — US-government public disclosure system; adviser Form ADV / U4 data published for investor protection. Per-call live fetch."}],"fusion_key":"CRD# (Central Registration Depository number) — the identifier a person or firm shares across BrokerCheck (BD) and IAPD (IA).","compliance":{"purpose":"compliance / investor-protection / due-diligence screening of a financial professional or firm","terms_notice":"Use of FINRA BrokerCheck data is subject to the FINRA BrokerCheck Terms of Use (https://brokercheck.finra.org/terms-and-conditions).","rating_basis":"risk_score (0-100) is the capped sum of per-disclosure weights: each disclosure's base weight is set by its category (criminal > regulatory > civil > investigation > employment-separation > customer-dispute > judgment/lien > financial > bond) and scaled by its disposition (a matter closed with no action or expunged counts near zero; a settled, awarded, final or consent outcome counts in full). The verdict (clean / minor_disclosures / elevated / red_flag) is a deterministic threshold over that score, with any materialised criminal or regulatory event forcing at least an elevated / red_flag verdict. No machine learning and no subjective judgement are involved.","error_reporting":"To report a suspected data error, contact us and we will advise FINRA. Regulatory record corrections are made only by the source: BrokerCheck records via FINRA (https://www.finra.org/investors/have-problem/report-problem) and IAPD records via the SEC (https://adviserinfo.sec.gov). This service does not alter source records.","disclaimer":"Informational compliance and due-diligence screening derived from public regulatory disclosure data. NOT a consumer report and NOT prepared under the Fair Credit Reporting Act (FCRA); not legal, investment or financial advice. Verify against the official BrokerCheck and IAPD systems before any hiring, referral or investment decision."},"deferred_sources":["NFA BASIC (futures / commodity brokers)","state securities regulators (blue-sky registration / actions)","SEC Action Lookup (litigation & administrative proceedings)"]}