The Financial Industry Regulatory Authority, the primary regulator for United States stock brokers and brokerage firms. For more information see our article, FINRA – The Financial Industry Regulatory Authority
What does FINRA do?
FINRA is the primary regulator for the securities industry, and is responsible for the oversight of the country’s brokerage firms, stock brokers, analysts and other financial professionals. FINRA calls the brokerage firms “members” and calls the individuals it regulates “associated persons” or “registered representatives.”
FINRA was formed by the merger of the National Association of Securities Dealers, Inc., and the regulatory functions of the New York Stock Exchange, Inc. in 2007. In July 2007, the SEC approved the formation of a new SRO to be a successor to NASD. The NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange were then consolidated into the Financial Industry Regulatory Authority (FINRA). See SEC Release No. 34-56145
Who Regulates FINRA?
FINRA is regulated by the SEC under Section 15A of the Securities Exchange Act of 1934. FINRA has its own board of directors, staff, and offices. Its headquarters are located in Washington, D.C.
Where Can I Find More Information About FINRA?
You can learn more about FINRA at finra.org. If you need help with any questions regarding FINRA, you can contact them directly at 1-800-FINRA (1-800-633-3276).
If you want to become registered with FINRA, or are the subject of a FINRA investigation, call the FINRA Lawyers at Sallah Astarita & Cox, LLC at 212-509-6544.« Back to Glossary Index