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 Maine, as in other states, brokerage firms, brokers, and investment advisers must comply with FINRA's rules and regulations, which are designed to maintain the integrity of the market and protect investors. FINRA's oversight includes registration, compliance, arbitration, and disciplinary actions for violations of its rules. It is important for investors and professionals in Maine to understand FINRA's role and how it affects the brokerage industry. For specific applications of FINRA's regulations in Maine, individuals and firms are advised to consult with an attorney who specializes in securities law.