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. Although FINRA is not part of the government, it operates under the supervision of the Securities and Exchange Commission (SEC). FINRA's primary role is to protect investors by maintaining fair market practices and ensuring that broker-dealers operate ethically and competently. In Montana, as in all other U.S. states, brokerage firms and their registered representatives must comply with FINRA regulations, in addition to state securities laws and federal regulations. FINRA's rules and enforcement actions are designed to prevent fraud, market manipulation, and unethical practices within the financial industry. Brokerage firms operating in Montana must be members of FINRA and adhere to its rules and standards, which include requirements for licensing, professional conduct, and arbitration procedures to resolve disputes.