Financial Industry Regulatory Authority

Financial Industry Regulatory Authority
Financial Industry Regulatory Authority (FINRA)
The successor organization to the National Association of Securities Dealers, Inc. (NASD). The largest non-governmental regulator for all securities firms doing business in the US. FINRA oversees over 5,000 brokerage firms, about 171,000 branch offices and more than 672,000 registered securities representatives. FINRA was created in July 2007 through the consolidation of the NASD and the member regulation, enforcement and arbitration functions of the NYSE.
The FINRA rulebook currently consists of both NASD Rules and certain NYSE Rules that FINRA has incorporated (Incorporated NYSE Rules). FINRA is in the process of consolidating the NASD and Incorporated NYSE Rules into a single set of FINRA rules. The Incorporated NYSE Rules apply solely to those members of FINRA that are also members of NYSE, referred to as Dual Members. Dual Members also must comply with NASD Rules. The new consolidated rulebook will consist only of FINRA Rules and will apply to all FINRA members. Firms that were members only of NASD as of July 30, 2007 remain subject only to NASD Rules, provided they do not become NYSE members in which case they would be subject to both NASD Rules and the Incorporated NYSE Rules. Similarly, a firm that becomes a new member of FINRA only (and not a member of NYSE) will be subject only to NASD Rules. All FINRA members are subject to the FINRA By-Laws and Schedules to the By-Laws.
underwriters must make FINRA filings in connection with IPOs and certain secondary offerings of equity securities of newly public companies.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Financial Industry Regulatory Authority — In the United States, the Financial Industry Regulatory Authority, Inc., or FINRA, is a private corporation that acts as a self regulatory organization (SRO). FINRA is the successor to the National Association of Securities Dealers, Inc. (NASD).… …   Wikipedia

  • Financial Industry Regulatory Authority — Die Financial Industry Regulatory Authority (FINRA) ist als Genehmigungsbehörde in den USA hauptsächlich verantwortlich für die Beaufsichtigung von Personen, welche in der Wertpapierbranche involviert sind. Die Securities and Exchange Commission… …   Deutsch Wikipedia

  • Financial Industry Regulatory Authority — El National Association of Securities Dealers (NASD) es una asociación de comerciantes de acciones, cuya oficina principal está en Nueva York (Estados Unidos). El NASD es conocido por ser propietario del NASDAQ Stock Market, una bolsa de valores… …   Wikipedia Español

  • Financial Industry Regulatory Authority - FINRA — A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange s regulation committee. The Financial Industry Regulatory Authority is responsible for governing business between brokers …   Investment dictionary

  • Securities Industry Regulatory Authority - SIRA — The former name of a regulatory body consisting of the National Association of Securities Dealers and the New York Stock Exchange Regulation. The Securities Industry Regulatory Authority was formed to govern business practices between securities… …   Investment dictionary

  • Investment Industry Regulatory Organization of Canada - IIROC — The governing authority for all debt and equity markets, investments and investment brokers, dealers and providers in Canada. The Investment Industry Regulatory Organization of Canada (IIROC) is a self regulatory organization, similar to the… …   Investment dictionary

  • Financial adviser — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Em …   Wikipedia

  • Financial analyst — A financial analyst (or securities analyst, research analyst, equity analyst, investment analyst) is a person who works with financial analysis.JobAn analyst will write reports on the companies they are supposed to cover, trying to describe the… …   Wikipedia

  • Regulatory responses to the subprime crisis — addresses various actions taken by governments around the world to address the effects of the subprime mortgage crisis.Regulators and legislators are considering action regarding lending practices, bankruptcy protection, tax policies, affordable… …   Wikipedia

  • Financial Services Authority — The Financial Services Authority ( FSA ) is an independent non governmental body, quasi judicial body and a company limited by guarantee that regulates the financial services industry in the United Kingdom. Its main office is based in Canary… …   Wikipedia