Finra Regulation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521959501 ✦ Rockville, MD ✦ Designated as a 501(c)(6)

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Overview

What is Finra Regulation Inc?

Finra Regulation Inc, based in the United States, functions as a self-regulatory organization (SRO) for the securities industry. As the successor to the National Association of Securities Dealers (NASD) and the regulatory arms of the New York Stock Exchange, FINRA is a non-governmental entity responsible for overseeing brokerage firms and exchange markets. The organization's mission is focused on ensuring investor protection and market integrity by executing effective and efficient regulation within the securities industry.


Official website here: www.finra.org/rules-guidance/rulebooks/corporate-organization/laws-finra-regulation-inc

Is Finra Regulation Inc legitimate?

Finra Regulation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Finra Regulation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.finra.org/rules-guidance/rulebooks/corporate-organization/laws-finra-regulation-inc

What is the mission statement of Finra Regulation Inc?

Finra Regulation Inc prioritizes investor protection and market integrity through vigilant and productive regulation of the securities industry. As a self-regulatory organization in the United States, Finra oversees member brokerage firms and exchange markets, working closely with the Securities and Exchange Commission as the industry's ultimate regulator. Dedicated to ensuring a fair and transparent financial market, Finra focuses on effective and efficient regulation to safeguard investors and maintain market integrity.


Official website here: www.finra.org/rules-guidance/rulebooks/corporate-organization/laws-finra-regulation-inc

Who is the CEO of Finra Regulation Inc?

Unavailable The CEO's salary of Finra Regulation Inc is $0 and their total compensation is $4,276,717.


Official website here: www.finra.org/rules-guidance/rulebooks/corporate-organization/laws-finra-regulation-inc

What is the revenue of Finra Regulation Inc?

Finra Regulation Inc's revenue in 2022 was $1,039,482,542.


Official website here: www.finra.org/rules-guidance/rulebooks/corporate-organization/laws-finra-regulation-inc

Who are the executives of Finra Regulation Inc and what are their salaries?

There 3 volunteers at Finra Regulation Inc.


Here are 21 key members and their salaries (Finra Regulation Inc's CEO's salary is $0 and their total compensation is $4,276,717):


Robert W Cook (President & Ceo)
  • Compensation: $0
  • Related: $4,062,829
  • Other: $213,888
Deborah Bailey (Regulatory Policy Committee)
  • Compensation: $0
  • Related: $100,403
  • Other: $0
Eileen K Murray (Regulatory Policy Committee - Thru 8/19/22)
  • Compensation: $0
  • Related: $117,495
  • Other: $0
Eric W Noll (Regulatory Policy Committee - As Of 8/19/22)
  • Compensation: $0
  • Related: $143,187
  • Other: $0
Ethiopis Tafara (Regulatory Policy Committee)
  • Compensation: $0
  • Related: $687
  • Other: $0
Hillary A Sale (Chair, Regulatory Policy Committe - Thru 8/19/22)
  • Compensation: $0
  • Related: $86,490
  • Other: $0
James T Crowley (Regulatory Policy Committee - As Of 3/10/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
John B Ehnes (Regulatory Policy Committee)
  • Compensation: $0
  • Related: $113,187
  • Other: $0
Kathryn Ruemmler (Regulatory Policy Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Jensen (Chair, Regulatory Policy Committee - As Of 8/20/22)
  • Compensation: $0
  • Related: $103,812
  • Other: $0
Moira A Kilcoyne (Regulatory Policy Committee - As Of 8/19/22)
  • Compensation: $0
  • Related: $50,687
  • Other: $0
Paige W Pierce (Regulatory Policy Committee)
  • Compensation: $0
  • Related: $100,403
  • Other: $0
Timothy C Scheve (Regulatory Policy Committee)
  • Compensation: $0
  • Related: $113,187
  • Other: $0
Bari M Havlik (Executive Vice President)
  • Compensation: $0
  • Related: $845,871
  • Other: $165,537
Gregory Ruppert (Executive Vice President)
  • Compensation: $0
  • Related: $1,054,437
  • Other: $190,927
Jessica Hopper (Executive Vice President)
  • Compensation: $0
  • Related: $986,749
  • Other: $183,049
Marcia E Asquith (Evp, Board & External Relations)
  • Compensation: $0
  • Related: $1,199,500
  • Other: $59,906
Richard W Berry (Executive Vice President)
  • Compensation: $0
  • Related: $733,828
  • Other: $144,010
Robert L D Colby (Evp And Chief Legal Officer)
  • Compensation: $0
  • Related: $1,313,006
  • Other: $82,151
Stephanie Dumont (Executive Vice President)
  • Compensation: $0
  • Related: $1,174,147
  • Other: $58,128
Todd T Diganci (Executive Vice President/Cfao)
  • Compensation: $0
  • Related: $2,146,292
  • Other: -$1,370,453


Official website here: www.finra.org/rules-guidance/rulebooks/corporate-organization/laws-finra-regulation-inc

Where can I find the form 990 for Finra Regulation Inc?

Finra Regulation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.finra.org/rules-guidance/rulebooks/corporate-organization/laws-finra-regulation-inc

Mission Statement of Finra Regulation Inc

Finra Regulation Inc, also known as the Financial Industry Regulatory Authority, is a pivotal organization in the US securities industry, committed to investor protection and market integrity. It carries out its mission through effective and efficient regulation of securities industry members. Finra Regulation functions as a self-regulatory organization (SRO), with its origins stemming from the National Association of Securities Dealers (NASD) and the member regulation, enforcement, and arbitration operations of the New York Stock Exchange. The organization's impact extends to the regulation of brokerage firms and exchange markets in the country, working in tandem with the Securities and Exchange Commission (SEC) as the ultimate regulator of the securities industry. Finra Regulation's primary focus is to ensure that investors receive fair treatment from industry members and that market operations maintain transparency and honesty. By implementing rigorous oversight, creating and enforcing industry rules, and offering dispute resolution services, Finra Regulation plays a vital role in safeguarding investor trust and fostering a market environment that operates with integrity.

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Impact




October, 2024

Finra Regulation Inc plays a crucial role in safeguarding investor interests and maintaining the integrity of financial markets in the United States. By regulating brokerage firms and overseeing the securities industry, FINRA helps ensure that investment practices are fair and transparent. This regulation fosters investor confidence, which is essential for the stability and functioning of capital markets.

The organization implements robust rules and standards for member firms, promoting ethical conduct and accountability. Additionally, FINRA facilitates dispute resolution through arbitration, offering investors a means to address grievances efficiently. Overall, its efforts contribute to a healthier financial ecosystem, preventing fraud and protecting investors from a range of malpractices.




This information is meant to be a general summary of Finra Regulation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,039,482,542 (2022)
Expenses
$693,480,189 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,039,428,182
  • Gross Receipts: $1,039,482,542

Assets and Liabilities:

  • Total Assets: $30,977,462
  • Total Liabilities: $149,309,229
  • Net Assets: -$118,331,767

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Regulatory Fees

Revenue

$680,623,756

User Fees

Revenue

$204,040,703

Contract Service Fees

Revenue

$67,110,507

Fines

Revenue

$54,546,522

Dispute resolution fees

Revenue

$33,106,694

Organization Details

Founding Year

1996

Main Address

9509 KEY WEST AVENUE, ROCKVILLE, MD, 20850

NTEE Category

Code: W20 - Public benefit

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