What is the role of the Financial Industry Regulatory Authority (FINRA) in regulating the securities industry?

The Financial Industry Regulatory Authority (FINRA) plays an important role in regulating the securities industry in Virginia. FINRA is a non-profit body that oversees member brokerage firms and their representatives. It is funded by assessments on its members and works to ensure firms are compliant with applicable federal rules and regulations. FINRA has the authority to investigate complaints about brokerage firms and their representatives and to take disciplinary and remedial action on behalf of investors if violations occur. FINRA also provides an arbitration forum to settle disputes between customers and broker-dealers. FINRA works to protect the public by regulating Internet activities such as high-pressure sales tactics, insider trading and other forms of fraud. It also provides investors with resources to educate them about their investments and the risks associated with them. FINRA also monitors the securities market for any suspicious activity in order to protect investors. FINRA’s primary mission is to protect investors and foster market integrity. It focuses on making sure investors have access to a fair and orderly market when buying or selling securities. It does this by regulating firms to ensure they are compliant with all required rules and regulations. FINRA also ensures that firms are financially sound and operate in the best interest of their customers.

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What is the role of the Financial Industry Regulatory Authority (FINRA) in regulating the securities industry?

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