What is the role of FINRA in investor protection?

The Financial Industry Regulatory Authority (FINRA) plays an important role in investor protection in West Virginia. FINRA is a non-governmental organization that oversees all broker-dealers and investment advisors in the United States. This organization is responsible for ensuring that investors are protected from investment fraud. FINRA helps protect investors in West Virginia by setting regulations and policies that registered broker-dealers and investment advisors must follow. These regulations and policies include requirements for investment promotions, record-keeping, and advertising rules. By setting these standards, FINRA helps to ensure that the products and services offered to investors are legitimate and have been adequately reviewed for safety and soundness. FINRA also works to protect investors by conducting examinations and audits of broker-dealers and investment advisors. These examinations and audits help to ensure that the firms are following the required regulations and policies. Finally, FINRA works to protect investors in West Virginia by educating them about the risks associated with investing in securities. They provide investors with online resources, such as fact sheets and investor alerts, to help them become more informed about investment fraud law and the risks of investing. Overall, FINRA is a valuable resource for investors in West Virginia and helps to ensure that they are protected from investment fraud. By setting regulations, conducting examinations and audits, and educating investors, FINRA helps to ensure that investors are well-informed and their investments are secure.

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What is the role of FINRA in investor protection?

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