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Advancing Market Regulation and Transparency

A key component of our mission to protect investors and ensure market integrity is to perform effective oversight of securities markets. FINRA, working closely with the SEC and the securities exchanges, plays a central role in conducting ongoing oversight within and across markets, monitoring for misconduct and intervening promptly when we find it.
Advancing Market Regulation and Transparency

FINRA surveils the markets for suspicious activity such as manipulation and other types of fraud. We conduct market surveillance on all listed and over-the-counter equities as well as listed options. In addition, FINRA provides regulatory services such as market surveillance, compliance examinations and enforcement to 24 self-regulatory organizations. We oversee compliance with FINRA rules and federal securities laws through examinations and by leveraging an innovative market surveillance program. Our surveillance looks for abusive activity by tracking orders from the moment they are placed by a customer, through their journey in the markets, until those orders are ultimately executed. When potentially suspicious activity triggers alerts, we further analyze them and then, if appropriate, move forward with a formal examination or enforcement action.

FINRA also has a long history of brining transparency to the equity and bond markets to help investors make informed investment decisions. We operate facilities that create the foundation of the regulatory audit trail and provide investors with timely quote and trade information on equity and debt securities. These facilities include TRACE® (the Trade Reporting and Compliance Engine); the Alternate Display Facility®; the Trade Reporting Facilities® and the Over-the-Counter Reporting Facility®.   

Podcast
In March, Stephanie Dumont became the new Executive Vice President of FINRA’s Market Regulation and Transparency Services department. On this episode, we sit down with Stephanie to hear her priorities, her vision for the department, and how FINRA is responding to recent market events.
Report / Study
FINRA regulates a critical part of the securities industry – brokerage firms doing business with the public in the United States. In an effort to increase public awareness and understanding about the broad range of FINRA-registered firms and individuals, FINRA shares an annual snapshot of some of the data collected in the course of its work.
News Release
Statistical Overview of Brokerage Firms, Registered Representatives and Trading Activity WASHINGTON—FINRA today published the 2021 FINRA Industry Snapshot, its annual statistical report on the brokerage firms, registered representatives and market activity that FINRA regulates.
Speech / Testimony
Chairwoman Waters, Ranking Member McHenry and Members of the Committee: Introduction
News Release
WASHINGTON – The Financial Industry Regulatory Authority (FINRA) announced today that it has barred former Goldman Sachs & Co. research analyst Brian Maguire for twice purchasing securities after he learned a fellow analyst was upgrading his recommendation in impending research reports and for lying to FINRA staff about his trading.
News Release
Statistical Overview of Brokerage Firms, Registered Representatives and Trading Activity WASHINGTON—FINRA today published the 2020 FINRA Industry Snapshot, its annual statistical report on the brokerage firms, registered representatives and market activity that FINRA regulates.
Report / Study
FINRA regulates a critical part of the securities industry – brokerage firms doing business with the public in the United States. In an effort to increase public awareness and understanding about the broad range of FINRA-registered firms and individuals, FINRA shares an annual snapshot of some of the data collected in the course of its work.
Podcast
Market volatility in recent weeks has surpassed anything else in history in terms of both the extremity and duration. Despite that, the so-called plumbing of U.S. financial markets has held up remarkably well. On this episode, we talk to FINRA’s head of Market Regulation to learn how the evolution of U.S. market structure contributed to that resilience.
News Release
Treasury Aggregate Statistics to Provide More Transparency in Marketplace WASHINGTON — FINRA today for the first time posted weekly, aggregate data on the trading volume of Treasury securities reported to TRACE®, FINRA’s Trade Reporting and Compliance Engine®.
Podcast
This episode originally aired in December 2018. More than 15,000 different stocks, options and bonds trade every day across millions of transactions. When it comes to detecting insider trading, it really is like finding a needle in a haystack. But that’s exactly what Sam Draddy and his team work to uncover.