Overview
What is Financial Industry Regulatory Authority Inc?
The Financial Industry Regulatory Authority Inc (FINRA) is a not-for-profit organization headquartered at 9509 Key West Avenue, Rockville, Maryland, 20850. FINRA focuses on investor protection and market integrity by regulating brokerage firms conducting business with the public in the United States. Overseen by the Securities and Exchange Commission (SEC), FINRA sets rules, examines firms for and enforces compliance, registers broker-dealer personnel, offers education and training, and informs the public. Moreover, through its subsidiary, FINRA Regulation, it provides surveillance, regulatory services, trade reporting, and industry utilities for equities and options markets. Additionally, FINRA Regulation administers a dispute resolution forum for investors and brokerage firms and their registered employees. Overall, FINRA's mission is to ensure effective and efficient regulation of the securities industry for investor protection and market integrity. With a workforce of 4336 employees, FINRA remains dedicated to its important role in the financial sector.
Official website here: www.finra.org
Is Financial Industry Regulatory Authority Inc legitimate?
Financial Industry Regulatory Authority Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Financial Industry Regulatory Authority 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $16,844,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $677,366,419
For more financial information, click here
What is the mission statement of Financial Industry Regulatory Authority Inc?
The Financial Industry Regulatory Authority Inc (FINRA) is a not-for-profit organization committed to investor protection and market integrity. It focuses on effective and efficient regulation of the securities industry in the United States. FINRA oversees brokerage firms and enforces compliance with its rules and federal securities laws. The organization writes regulations, examines firms for compliance, registers broker-dealer personnel, and informs the public. Through its subsidiary, FINRA Regulation, it provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and industry utilities. FINRA Regulation also administers a dispute resolution forum for investors and brokerage firms and their registered employees.
Official website here: www.finra.org
What is the revenue of Financial Industry Regulatory Authority Inc?
Financial Industry Regulatory Authority Inc's revenue in 2022 was $1,730,554,890.
Official website here: www.finra.org
Who are the executives of Financial Industry Regulatory Authority Inc and what are their salaries?
The average compensation at Financial Industry Regulatory Authority Inc during 2022 was $160,104. There are 4,336 employees and 4 volunteers at Financial Industry Regulatory Authority Inc.
Here are 40 key members and their salaries (Financial Industry Regulatory Authority Inc's CEO's salary is $4,062,829 and their total compensation is $4,276,717):
- Robert W Cook (President & Ceo) [Trustee/Director]
- Steven J Randich (Executive Vice President & Cio)
- Robert L D Colby (Evp And Chief Legal Officer)
- Susan Tibbs (Senior Vice President)
- Marcia E Asquith (Evp Board & External Relations)
- Gregory Ruppert (Executive Vice President)
- Rainia L Washington (Executive Vice President)
- Stephanie Dumont (Executive Vice President)
- Jon Kroeper (Executive Vice President)
- Jessica Hopper (Executive Vice President)
- Tigran Khrimian (Senior Vice President)
- William J Wollman (Executive Vice President)
- Bari M Havlik (Executive Vice President)
- Karl Brock (Senior Vice President)
- Jonathan S Sokobin (Executive Vice President)
- Nathaniel Stankard (Executive Vice President)
- Todd T Diganci (Executive Vice President & Cfao)
- Eric W Noll (Chairperson As Of 8/20/22) [Trustee/Director]
- Lance F Drummond (Board Member) [Trustee/Director]
- Eileen K Murray (Chairperson - Thru 8/19/22) [Trustee/Director]
- John B Ehnes (Board Member) [Trustee/Director]
- Timothy C Scheve (Board Member) [Trustee/Director]
- Camille M Busette (Board Member) [Trustee/Director]
- Maureen Jensen (Board Member) [Trustee/Director]
- James Nagengast (Board Member) [Trustee/Director]
- Linde Murphy (Board Member) [Trustee/Director]
- Peggy Ho (Board Member) [Trustee/Director]
- Samir M Deshpande (Board Member) [Trustee/Director]
- Wendy Lanton (Board Member) [Trustee/Director]
- Deborah Bailey (Board Member) [Trustee/Director]
- Paige W Pierce (Board Member) [Trustee/Director]
- Hillary A Sale (Board Member - Thru 8/19/22) [Trustee/Director]
- Moira A Kilcoyne (Board Member - As Of 7/1/22) [Trustee/Director]
- Christopher W Flint (Board Member - Thru 6/1/22) [Trustee/Director]
- Ethiopis Tafara (Board Member) [Trustee/Director]
- Fabiola Arredondo (Board Member - As Of 11/18/22) [Trustee/Director]
- Penny Pennington (Board Member - As Of 10/31/22) [Trustee/Director]
- James T Crowley (Board Member) [Trustee/Director]
- Kathryn Ruemmler (Board Member) [Trustee/Director]
- Mortimer J Buckley (Board Member) [Trustee/Director]
Official website here: www.finra.org
Where can I find the form 990 for Financial Industry Regulatory Authority Inc?
The Financial Industry Regulatory Authority Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.finra.org
Learn more at the official website: www.finra.org
Mission Statement of Financial Industry Regulatory Authority Inc
Financial Industry Regulatory Authority Inc (FINRA) is a not-for-profit organization committed to investor protection and market integrity in the securities industry. With a mission to regulate brokerage firms operating in the United States, FINRA ensures compliance with its rules and federal securities laws. Overseen by the Securities and Exchange Commission (SEC), FINRA writes regulations, conducts examinations, and enforces rules to safeguard investors.
In addition to regulating the securities industry, FINRA offers education and training for broker-dealer personnel through its subsidiary, FINRA Regulation, Inc. This organization also provides surveillance and regulatory services for equities and options markets, as well as trade reporting and industry utilities. FINRA Regulation administers a dispute resolution forum for investors, brokerage firms, and their registered employees, resolving conflicts and disputes in a fair and efficient manner.
By dedicating itself to investor protection and market integrity, FINRA plays a crucial role in maintaining trust and confidence in the securities industry. Its effective and efficient regulation ensures that brokerage firms uphold ethical business practices and adhere to the highest standards of conduct. FINRA's commitment to protecting investors extends beyond regulation, with its subsidiary offering various resources to educate and inform the investing public. Through its comprehensive approach, FINRA fosters a secure and reliable environment for investors to make informed decisions about their financial futures.
Impact
This information is meant to be a general summary of Financial Industry Regulatory Authority Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Financial Industry Regulatory Authority Inc's impact is significant in the financial sector as it plays a crucial role in ensuring investor protection and market integrity through effective and efficient regulation of the securities industry. By overseeing and enforcing compliance with its rules and federal securities laws, FINRA contributes to a more transparent and trustworthy environment for investors and brokerage firms in the United States. Additionally, by offering education and training to registered broker-dealer personnel, informing the investing public, and providing regulatory services for equities and options markets, FINRA enhances the overall stability and credibility of the financial markets. Overall, FINRA's efforts help bolster confidence in the securities industry and safeguard the interests of both investors and market participants.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Activity Assessment
Revenue
$866,625,515
Transparency Services
Revenue
$90,102,590
Contract Service Fees
Revenue
$217,041,988
Organization Details
Founding Year
1936
Phone
(202) 728-8949
Main Address
9509 KEY WEST AVENUE, ROCKVILLE, MD, 20850
Website
www.finra.org
NTEE Category
Code: W20 - Public benefit
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