The Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization for the brokerage industry. Learn more about FINRA on their website at https://www.finra.org/about/what-we-do
The Financial Industry Regulatory Authority (FINRA) is a non-governmental organization that acts as a self-regulatory body for the securities industry, including brokerage firms and exchange markets. While FINRA is not specific to any state, as it operates nationwide, it is authorized by Congress to protect America's investors by ensuring the securities industry operates fairly and honestly. In Alabama, as in other states, FINRA's regulations and rules apply to brokerage firms, their branches, and registered securities representatives operating within the state. FINRA oversees the behavior of these entities, enforces compliance with its rules, and provides a framework for arbitration and mediation to resolve disputes between investors and brokers. It also offers educational resources for investors. Brokerage firms in Alabama must register with FINRA, adhere to its rules, and are subject to its disciplinary actions, which can include fines, suspensions, or bans from the industry for violations.