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 Minnesota, as in other states, brokerage firms, brokers, and investment advisers must comply with FINRA's rules and regulations, as well as state securities laws and regulations. FINRA oversees the conduct of its members through the enforcement of its rules, the monitoring of transactions, and the education of both professionals and investors. It also administers dispute resolution processes, such as arbitration and mediation, for investors and registered firms. Minnesota-based brokers and firms are required to register with FINRA, and the organization works in conjunction with the Minnesota Department of Commerce, which oversees securities within the state.