FINRA is dedicated to investor protection and market integrity
FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry. FINRA is not part of the government. It is an independent, not-for-profit organization authorized by Congress to protect America’s investors by making sure the securities industry operates fairly and honestly.
Its independent regulation plays a critical role in America’s financial system—by enforcing high ethical standards, bringing the necessary resources and expertise to regulation and enhancing investor safeguards and market integrity—all at no cost to taxpayers.
Its mission is to safeguard the investing public against fraud and bad practices. They pursue that mission by writing and enforcing rules and regulations for every single brokerage firm and broker in the United States, and by examining broker-dealers for compliance with our own rules, federal securities laws and rules of the Municipal Securities Rulemaking Board.
All brokers must be licensed and registered by FINRA, pass their qualification exams and satisfy continuing education requirements.
It recruits, trains and manages a roster of arbitrators
FINRA recruits, trains and manages a roster of arbitrators. It selects arbitrators from a diverse cross-section of professionals. I am privileged to have been one of those selected. The arbitrators are available to arbitrate cases in over 70 hearing locations in the US, including one in Puerto Rico and one in London, UK.
It pledges to provide impartial, knowledgeable and courteous staff and highly trained arbitrators committed to delivering fair, expeditious and cost-effective dispute resolution services for investors, brokerage firms and their employees.
Finally, I, as an arbitrator am an independent contractor, not employee of FINRA.
About the Author: Ken Strongman (www.kpstrongman.com) has years of experience and a growing national reputation as a mediator and arbitrator. He has successfully resolved more than a thousand disputes in the fields of construction defects, real estate, intellectual property, and employment. He is also a Mediator and Arbitrator for FINRA.
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