Bottom Line Conducting a background check on a financial advisor is an important part of safeguarding your investments and ensuring that you're working with a qualified, trustworthy professional.

There, they’d make deposits and often immediately use the money to purchase bank checks, according to court documents and people familiar with the investigation.

“Do you realize that 90 percent of Americans, regardless of political party, want background checks, universal background checks?" Steve Kerr said. Is this true?