FINRA is a self-regulatory organization overseeing brokerage firms and exchange markets in the United States. Its aim is to ensure market integrity and protect investors.

• Registration and Licensing: Firms and individuals must register with FINRA and pass qualification exams.
• Transparency: Mandates clear disclosures in communications with clients.
• Recordkeeping: Requires accurate maintenance of transaction records.
• Reporting: Firms must report suspicious activities and comply with regular audits.

FINRA has been active since its formation in 2007. Firms must adapt to periodic rule changes and updated requirements.

• Fines and Penalties: Significant financial penalties for non-compliance with FINRA standards.
• Business Restrictions: Potential suspension or revocation of licenses.
• Reputational Harm: Public disclosures of violations can harm investor confidence.

• Market Access: FINRA compliance ensures legitimacy in U.S. financial markets.
• Investor Trust: Builds credibility with clients and stakeholders.
• Operational Integrity: Strengthens internal controls and financial reporting.