finra

About FINRA

 

FINRA is the Financial Industry Regulatory Authority.

 

FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry.

 

FINRA is not part of the government. We’re an independent, not-for-profit organization authorized by Congress to protect America’s investors by making sure the securities industry operates fairly and honestly.

 

We do this by:

  • writing and enforcing rules governing the activities of more than 4,140 securities firms with approximately 634,505 brokers;
  • examining firms for compliance with those rules;
  • fostering market transparency; and
  • educating investors.

 

Our independent regulation plays a critical role in America’s financial system—by enforcing high ethical standards, bringing the necessary resources and expertise to regulation and enhancing investor safeguards and market integrity—all at no cost to taxpayers.

 

Every investor in America relies on one thing: fair financial markets. That's why FINRA works every day to ensure that:

  • every investor receives the basic protections they deserve;
  • anyone who sells a securities product has been tested, qualified and licensed;
  • every securities product advertisement used is truthful, and not misleading;
  • any securities product sold to an investor is suitable for that investor's needs; and
  • investors receive complete disclosure about the investment product before purchase.

 

In 2013, through our aggressive vigilance, we brought 1,535 disciplinary actions against registered brokers and firms. We levied more than $65 million in fines. And we ordered more than $9.5 million in restitution to harmed investors. We also referred 660 fraud and insider trading cases to the SEC and other agencies for litigation and/or prosecution.

 

Learn more about what we do to protect investors and ensure market integrity.

 

 

FINRA by the numbers

 

3,400 employees dedicated to market integrity and investor education

 

20 offices across the U.S.

 

660 fraud cases referred for prosecution in 2013

 

$74.5M in fines and restitution levied against fraudulent traders in 2013

 

6 billion share trades monitored every day

 

634,505 brokers under FINRA's supervision

FINRA at a glance

 

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