WealthManagement (October 21, 2016) -- A 2014 report from the Public Investors Arbitration Bar Association (PIABA) criticized FINRA's BrokerCheck system for not including information available from many state securities agencies, such as the circumstances behind a broker's termination, bankruptcy filings, tax liens and test scores. Now, a new PIABA report chides the self-regulatory organization for not fixing the discrepancies, and the lawyers group says FINRA has even made things worse by advertising the "flawed BrokerCheck system." If FINRA does not act to fix the problems, PIABA says Congress should step in. In a statement in response to the report, FINRA said a Board working group is currently considering a number of the issues raised in PIABA's report and is developing recommendations to bring to the full Board. "FINRA is committed to investor protection and offers BrokerCheck as a free tool for investors to educate themselves about their brokers and brokerage firms. We are always looking for ways to make enhancements to BrokerCheck."