Financial Reports and Policies
As a not-for-profit, self-regulatory organization whose operations are funded by member firm fees—without the support of any taxpayer dollars—FINRA must prudently manage its finances to ensure it can appropriately fund its mission to protect investors and promote market integrity in a manner that facilitates vibrant capital markets.
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Annual Reports
FINRA’s annual reports describe its finances and operations over the prior year.
Download the 2020 Annual Financial Report
Previous Annual Reports
- 2019 FINRA Annual Financial Report
- 2018 FINRA Annual Financial Report
- 2017 FINRA Annual Financial Report
- 2013 FINRA Year in Review and Annual Financial Report
- 2012 FINRA Year in Review and Annual Financial Report
- 2011 FINRA Year in Review and Annual Financial Report
- 2010 FINRA Year in Review and Annual Financial Report
Fines Reports
FINRA uses fines to promote compliance and improve markets. On an annual basis, FINRA itemizes and discloses how it uses fine monies it collected in the previous year.
View the Report on Use of 2020 Fine Monies
Previous Fines Reports
- Report on Use of 2019 Fine Monies
- Report on Use of 2018 Fine Monies
- Interim Report on Use of 2017 Fine Monies
Annual Budgets
FINRA’s annual budgets are designed to meet the evolving challenges posed by FINRA’s ongoing regulatory responsibilities and flat revenues in ways that reflect the Financial Guiding Principles.
2021 Budget at a Glance
- Projects operating revenue of $924.2 million
- Anticipates capital initiative spending of $65 million
- Projects 3.5 percent increase in operating expenses over 2020 budgeted levels
- Includes no fee rate increases for member firms
Download the 2021 FINRA Budget
Previous Budgets
Financial Policies
FINRA’s Financial Guiding Principles governs how FINRA funds its mission, manages expenses, maintains reasonable member firm fees, uses fine monies and sustains appropriate financial reserves.
