Financial Industry Regulatory Authority

The Financial Industry Regulatory Authority (FINRA) oversees the activities of securities firms operating within the United States. FINRA protects investors by writing regulatory rules, verifying the compliance of broker-dealers with those rules, encouraging market transparency, and educating investors. FINRA enforces its oversight of the industry by initiating disciplinary actions and imposing fines. FINRA was formed in 2007 as the result of the merger of the National Association of Securities Dealers and the regulatory committee of the New York Stock Exchange.