FINRA is Financial Industry Regulatory Authority, Inc., is a private corporation that acts as a self-regulatory organization (SRO) and established in June 2007 . It is the successor to the National Association of Securities Dealers, Inc. (NASD).
FINRA’s mission is to protect America’s investors by making sure the securities industry operates fairly and honestly.
Various guidance by FINRA
•Standards of Commercial Honor and Principles of Trade (FINRA Rule 2010)
•Communications with the Public (NASD Rule 2210)
•Guidelines to Ensure Communications With the Public are Not Misleading (IM- 2210-1)
•Recordkeeping (NASD Rule 2210(b), NASD Rule 3110 and SEC Rule 17a-4)
•Approval and Supervision (NASD Rules 2210(b) and 3010)
•Suitability: Recommendations to Customers (NASD Rule 2310) and Online Communications (Regulatory Notice 01-23)
•Conflicts of Interest (NASD Rule 2711, IM-2210-1 (6)(C) and Regulatory Notices 07-04, 04-18 and 03-44)
•Day Trading Rules (Rules 2270 and 2130)
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