FINRA
The Financial Industry Regulatory Authority (FINRA) is now operating as the securities industry's new self-regulatory body. The consolidation of NASD and NYSE Member Regulation has been approved by the SEC and is effective immediately. FINRA is the largest, non-governmental regulatory organization for securities brokers and dealers doing business in the United States--overseeing more than 5,000 firms employing over 666,000 registered representatives.
FINRA was created through the consolidation of NASD and the member regulation, enforcement and arbitration operations of the New York Stock Exchange. The consolidation, which was announced on Nov. 28, 2006 and approved by the Securities and Exchange Commission on July 26, 2007, became effective July 30, 2007.
FINRA conducts the regulatory oversight of more than 5,000 securities firms and 666,000 registered representatives. It will be responsible for rule writing, firm examination, enforcement and arbitration and mediation functions, along with all functions that were previously overseen solely by NASD, including market regulation under contract for NASDAQ, the American Stock Exchange, the International Securities Exchange and the Chicago Climate Exchange.
VISIT MARKET TRADER
FINRA has approximately 3,000 employees and operates from Washington, DC, New York and 15 District Offices around the country. FINRA is investor-focused regulator that is better suited to the complexity and competitiveness of today's global capital markets. By eliminating overlapping regulation and establishing a uniform set of rules placing oversight responsibility in a single organization, FINRA will enhance investor protection while increasing the competitiveness of our financial markets.
FILE COMPLAINT WITH FINRA
The FINRA Investor Education Foundation
The FINRA Investor Education Foundation funds innovative research and educational projects that give investors the tools they need to better understand the markets and the basic principles of saving and investing. For details about grant programs and other FINRA Foundation initiatives, please go to
www.finrafoundation.org FINRA Mutual Fund Expense Analyzer
You can compare the expenses of up to three Exchange Traded Funds, mutual funds or share classes of the same mutual fund.
Use The FINRA Mutual Fund Expense Analyzer
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