On July 30, 2007, after being granted approval by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA) commenced operations.[FOOTNOTE 1]

Resulting from the combination of the member-related regulatory functions of NASD and the NYSE Group Inc. into a new self-regulatory organization (SRO), which was originally announced in November 2006, FINRA is the largest nongovernmental regulator for all securities firms doing business in the United States. It oversees nearly 5,100 brokerage firms, about 173,000 branch offices and more than 665,000 registered securities representatives.[FOOTNOTE 2]

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]