Financial Services CRM
FINRA (Financial Industry Regulatory Authority)
The self-regulatory organization overseeing broker-dealers and registered representatives in the United States.
Complete Definition
FINRA (Financial Industry Regulatory Authority) is a non-governmental organization that regulates broker-dealers and their registered representatives. FINRA writes and enforces rules governing broker conduct, examines firms for compliance, and maintains the BrokerCheck database. Firms using CRM systems must ensure their technology meets FINRA requirements for recordkeeping, supervision, and communication archiving.
Key Points
- 1Regulates broker-dealers, not RIAs
- 2Enforces communication archiving requirements
- 3Requires supervision of registered representatives
- 4Maintains BrokerCheck for public disclosure
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