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 New York, as in other states, FINRA oversees the licensing of firms and their registered representatives, enforces compliance with its own rules and federal securities laws, and provides a dispute resolution forum for investors and registered firms. It also educates investors and conducts periodic examinations of securities firms. While FINRA is not a government agency, it is overseen by the Securities and Exchange Commission (SEC), which approves all FINRA rules and has the authority to review certain disciplinary actions by FINRA. Brokerage firms operating in New York must be members of FINRA and comply with its rules and regulations, as well as with applicable state statutes and federal laws.