A private corporation, with mandatory membership by securities Broker-Dealers, that acts as a self-regulatory organization (SRO) for regulation, enforcement and arbitration. It is self-regulatory, non-governmental organization that performs financial regulation of member brokerage firms and exchange markets . FINRA reports to the Securities and Exchange Commission, which acts as the ultimate regulator of the securities industry in the U.S.
« Back to Glossary IndexFinancial Industry Regulatory Authority
by bsmith@carofin.com | Feb 22, 2019
