FAQs
Who We Are. FINRA is a not-for-profit, non-governmental regulator for all broker-dealer firms and brokers that sell securities in the United States. We regulate approximately 3,500 firms and 620,000 brokers across the country.
Who regulates brokerage firms? ›
FINRA FINANCIAL INDUSTRY REGULATORY AUTHORITY is authorized by Congress to protect America's investors by making sure the broker-dealer industry operates fairly and honestly.
Are PE firms regulated by FINRA? ›
The distinctions between SEC and FINRA involvement in overseeing private equity fund advisers further complicate the regulatory landscape. While the SEC primarily regulates investment advisers and their activities, FINRA oversees broker-dealers and their representatives.
Who regulates funding portals? ›
A crowdfunding intermediary must register with the Securities and Exchange Commission (SEC) as a broker or as a funding portal and become a member of a national securities association (FINRA).
Is JP Morgan regulated by FINRA? ›
JPMS is a broker/dealer registered with the Securities and Exchange Commission (“SEC”) and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority (“FINRA”), and the Securities Investor Protection Corporation (“SIPC”).
Which entity does FINRA regulate? ›
FINRA Regulates Broker-Dealers, Capital Acquisition Brokers and Funding Portals. A Broker-Dealer is in the business of buying or selling securities on behalf of its customers or its own account or both.
Who regulates Fidelity? ›
Effective as of March 28, 2023. Fidelity Brokerage Services LLC (“FBS”) is a registered broker-dealer with the U.S. Securities and Exchange Commission.
Who regulates Schwab? ›
Schwab's principal broker-dealer is CS&Co. CS&Co is registered as a broker-dealer with the United States Securities and Exchange Commission (SEC), the fifty states, the District of Columbia and Puerto Rico. CS&Co and CSIM are registered as investment advisors with the SEC.
What's the difference between FINRA and SEC? ›
FINRA primarily regulates brokerage firms and professionals, while the SEC has a broader mandate, overseeing the entire securities industry, including public companies and investment advisors.
Are ETFs regulated by FINRA? ›
Most ETPs are structured as ETFs, which are registered with and regulated by the SEC as investment companies under the Investment Company Act of 1940.
Goldman is based in New York, New York and has been a FINRA (f/k/a NASD) member since October 1936. approximately 20 branch offices, 15 of which are Offices of Supervisory Jurisdiction (“OSJ”), and the Firm employs approximately 7,170 registered individuals and approximately 15,113 non- registered individuals.
Is Deloitte a FINRA member firm? ›
Deloitte Corporate Finance LLC (DCF), a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and member of the "http://www.finra.org/" Financial Industry Regulatory Authority (FINRA) and the "http://www.sipc.org/" Securities Investor Protection Corporation (SIPC), is an indirect wholly-owned ...
Who regulates Kickstarter? ›
Regulated crowdfunding is also an equity-based crowdfunding platform and it provides investors with a financial return, but the difference is the U.S. Securities and Exchange Commission (SEC) regulates it.
Who regulates fund administrators? ›
The SEC is the federal agency responsible for overseeing the securities industry, including the registration and regulation of investment companies, investment advisers and broker-dealers. Securities offerings are registered with the SEC unless an exemption from registration is available.
Who regulates financial apps? ›
The CFPB's supervisory authority typically covers large banks and some non-bank financial services companies, including mortgage lenders, debt collectors, and student loan servicers. The CFPB also has broad authority to write regulations and enforce consumer protection laws.
How many locations does FINRA have? ›
FINRA offers 69 hearing venues, including at least one in each state of the United States and one in San Juan, Puerto Rico and Washington, DC.
What is the size of a FINRA by law firm? ›
Large Firm = 500 or more registered representatives; Mid-Size Firm = 151-499 registered representatives; Small Firm = 1-150 registered representatives.
How many brokerage firms are there in the US? ›
There are 1,162,364 Real Estate Sales & Brokerage businesses in the US as of 2023, an increase of 4.9% from 2022.
Are all brokers registered with FINRA? ›
Both brokerage firms and individuals must be registered with FINRA to conduct securities transactions and business with the investing public. Individuals might also be required to meet state registration requirements.
