What is FINRA and What You Should Know About Them
FINRA or the Financial Industry Regulatory Authority, Inc. is a private company acting as an SRO or self-regulatory organization. It’s the successor to the NASD or the National Association of Securities Dealers, Inc. Though often mistaken as a public or government agency, FINRA is not in any way associated to the U.S. government. It is a private company responsible for regulating the market under contract with trading markets and brokerage firms.
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Categories: Investing