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FINRA Enforcement & Market Regulation
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FINRA Enforcement & Market Regulation |
Vigorous, fair and effective enforcement of federal securities laws and regulations is at the very heart of FINRA's mission. Federal law gives FINRA authority to discipline securities firms and individuals in the securities industry who violate its rules, federal securities laws, and rules enacted by the Municipal Securities Rulemaking Board. We can fine, suspend or even expel them from the industry.
By maintaining constant market surveillance - on both a real-time and post-trade basis -- FINRA helps ensure the fair and orderly conduct of securities transactions. FINRA oversees and regulates all trading on NASDAQ, the American Stock Exchange, the International Securities Exchange, the Chicago Climate Exchange and in the OTC markets, as well as trades in New York Stock Exchange- and Amex-listed securities reported to NASDAQ.
FINRA also regulates trading in the corporate bond markets. All corporate bond transactions are reported to FINRA's Trade Reporting and Compliance Engine (TRACE) within 15 minutes of execution and are disseminated immediately to the public. (In addition, private securities transactions executed under Rule 144A of the Securities Act are reported to TRACE for regulatory purposes, but not disseminated.)
At FINRA, we don't simply wait for violations to occur. We are committed to looking ahead, trying to foresee and prevent problems before they can harm investors.
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