FINRA
MarketsDefinition
Financial Industry Regulatory Authority. Self-regulatory organization (SRO) overseeing US broker-dealers. Sets rules on conduct, capital, supervisory standards. Distinct from the SEC — FINRA regulates firms; SEC regulates markets and securities laws.
Issues fines for rule violations, requires registration of brokers (Series exams), oversees the BrokerCheck public database. Funded by member fees and assessments.
Issues fines for rule violations, requires registration of brokers (Series exams), oversees the BrokerCheck public database. Funded by member fees and assessments.