Financial Advisor IQ (July 17, 2015) -- Investor advocates aren’t happy Finra’s BrokerCheck omits certain information in its advisor profiles — data that’s available elsewhere, Financial Advisor magazine writes.

The Public Investors Arbitration Bar Association, Public Citizen and two other advocacy groups are asking the SEC’s Investor Advisory Committee to make Finra publish information such as broker terminations (and the reasons for dismissals), according to the publication. The availability of that information from other sources, such as state securities regulators or others, negates Finra’s defense of the policy as a protection-of-privacy matter, points out Financial Advisor.

The advocacy groups also want BrokerCheck to include failed examinations, tax liens and bankruptcies filed more than 10 years prior, as well as settled judgments and liens that were reported as outstanding, according to the magazine. “Reasonable investors would have good cause not to engage or hire a broker who has demonstrated that he or she cannot properly manage their own finances,” the groups said in their letter to the SEC.