Financial Industry Regulatory Authority: Difference between revisions
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The '''Financial Industry Regulatory Authority''' ('''FINRA''') is an American self-regulatory organization (SRO) responsible for overseeing broker-dealers and securities professionals operating in the United States. Established on 30 July 2007 through the consolidation of the regulatory functions of the [[National Association of Securities Dealers]] (NASD) and the member regulation, enforcement, and arbitration operations of the [[[[wikipedia:New York|New York]] Stock Exchange]], FINRA operates under the supervision of the [[U.S. Securities and Exchange Commission]] (SEC). Headquartered in [[Washington, D.C.]], with major offices in [[wikipedia:New York|New York]] City and other locations across the United States, the organization seeks to protect investors, promote market integrity, and ensure fair and orderly operation of the securities industry. | The '''Financial Industry Regulatory Authority''' ('''FINRA''') is an American self-regulatory organization (SRO) responsible for overseeing broker-dealers and securities professionals operating in the United States. Established on 30 July 2007 through the consolidation of the regulatory functions of the [[National Association of Securities Dealers]] (NASD) and the member regulation, enforcement, and arbitration operations of the [[[[wikipedia:New York|New York]] Stock Exchange]], FINRA operates under the supervision of the [[U.S. Securities and Exchange Commission]] (SEC). Headquartered in [[wikipedia:Washington, D.C.|Washington, D.C.]], with major offices in [[wikipedia:New York|New York]] City and other locations across the United States, the organization seeks to protect investors, promote market integrity, and ensure fair and orderly operation of the securities industry. | ||
FINRA regulates thousands of brokerage firms and hundreds of thousands of registered securities representatives through a comprehensive framework of registration, licensing, rulemaking, examinations, market surveillance, enforcement, and dispute resolution. Its responsibilities include monitoring trading activity, examining member firms for compliance with securities laws and FINRA rules, investigating market misconduct, administering qualification examinations for securities professionals, and maintaining public disclosure systems such as '''BrokerCheck''', which provides investors with information regarding brokers and brokerage firms. The organization also operates arbitration and mediation services that resolve disputes between investors, brokerage firms, and registered representatives. | FINRA regulates thousands of brokerage firms and hundreds of thousands of registered securities representatives through a comprehensive framework of registration, licensing, rulemaking, examinations, market surveillance, enforcement, and dispute resolution. Its responsibilities include monitoring trading activity, examining member firms for compliance with securities laws and FINRA rules, investigating market misconduct, administering qualification examinations for securities professionals, and maintaining public disclosure systems such as '''BrokerCheck''', which provides investors with information regarding brokers and brokerage firms. The organization also operates arbitration and mediation services that resolve disputes between investors, brokerage firms, and registered representatives. | ||