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 under the supervision of the Securities and Exchange Commission (SEC) at the federal level, its regulations and rules apply to all brokerage firms and registered brokers operating within the United States, including those in West Virginia (WV). FINRA's mandate includes the protection of investors by ensuring the securities industry operates fairly and honestly. It is responsible for writing and enforcing rules governing the activities of more than 3,700 securities firms with approximately 630,000 brokers. FINRA also administers the licensing of firms and their brokers, examines securities firms, writes rules to govern their behavior, enforces those rules and the federal securities laws, and informs and educates the investing public. In West Virginia, as in other states, brokerage firms and their agents must comply with FINRA's rules and regulations, and they are subject to disciplinary actions for non-compliance.