Finra: Who’s watching the watchdog?

September 5, 2017 by Mark Schoeff Jr. and Bruce Kelly

If you’re a broker, there are three things in life that are certain: death, taxes — and answering to Finra.

Finra is the self-regulatory organization that makes sure the nation’s 3,700 broker-dealers and 631,000 brokers comply with securities laws and regulations to ensure that investors are protected and treated fairly. It has the power to levy fines and, in serious cases, bar brokers and individuals from the industry. If you want to be a broker or operate a brokerage firm, you must join Finra.

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Originally Posted at InvestmentNews on September 2, 2017 by Mark Schoeff Jr. and Bruce Kelly.