What does FINRA stand for?

FINRA stands for the Financial Industry Regulatory Authority. This organization plays a crucial role in overseeing brokerage firms and exchange markets, ensuring that they operate fairly and honestly. FINRA is tasked with protecting investors by maintaining market integrity and enforcing compliance with financial regulations.

The authority is responsible for establishing and enforcing rules governing the securities industry and also provides educational resources for both investors and industry professionals. By fostering transparency and fairness in securities markets, FINRA contributes significantly to the overall stability of the financial system. Understanding FINRA's function is essential for those involved in the financial and insurance sectors, as it highlights the importance of regulatory bodies in maintaining trust and compliance in the marketplace.