Can an independent contractor be subject to a credit check if it is not part of the c

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djones54

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I am an independent contractor with a securities firm. Last year, during a compliance meeting, the broker/dealer said that along with regular audits, they would be pulling a credit report for each contractor. Additionally, the compliance officer alluded to the fact that they may start requiring minimum production levels. Neither of these issues is addressed in my contract. As far as production goes, my contract says that I must use "best efforts." The credit report is not addressed at all. Can they do this? It seems to me that if you start doing this, you are treating the contractor as an employee, not an independent contractor.
 
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