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

The Financial Industry Regulatory Authority (FINRA) is a non-governmental organization that regulates the securities industry in the United States. It was created to protect investors from fraud and abuse, and to promote a fair and orderly market. In Virginia, FINRA is responsible for overseeing brokers and dealers in the securities industry, including those selling stocks, bonds, mutual funds, and other investments. FINRA regulates firms that are members of the organization, which requires them to abide by certain rules and regulations. FINRA also performs a number of duties related to the securities industry, including registering broker-dealers, examining firms and brokers, reviewing financial disclosures, and investigating and prosecuting violations of securities laws. FINRA also produces investor education materials and works to keep the public informed about potential investment scams. By monitoring and regulating firms and brokers that sell securities, FINRA helps to ensure that they comply with securities laws and regulations. This helps to protect investors from fraud and abuse and makes sure they receive accurate information about the company or security they are investing in. FINRA also maintains a database of broker-dealers and their records, so that investors can verify the backgrounds and qualifications of any brokers they are considering doing business with.

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

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