Financial Industry Regulatory Authority (redirected from Financial Industry Regulatory Authority.)

Financial Industry Regulatory Authority (FINRA)

What Does Financial Industry Regulatory Authority (FINRA) Mean?

A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's regulation committee. The Financial Industry Regulatory Authority is responsible for governing business between brokers, dealers, and the investing public. By consolidating these two regulators, FINRA aims to eliminate regulatory overlap and cost inefficiencies.

Investopedia explains Financial Industry Regulatory Authority (FINRA)

Originally, FINRA was known as SIRA, the Securities Industry Regulatory Authority. However, complaints were made about the name, noting that it sounded very similar to the Arabic term “Sirah,” the traditional term for biographical texts about Muhammad.

Related Terms:
• Broker-Dealer
• National Association of Securities Dealers—NASD
• New York Stock Exchange—NYSE
• Securities and Exchange Commission—SEC
• Series 7