What does the acronym 'FINRA' stand for?

The acronym 'FINRA' stands for the Financial Industry Regulatory Authority. This organization plays a crucial role in the oversight and regulation of brokerage firms and exchange markets. As a self-regulatory organization (SRO), FINRA is responsible for ensuring that the securities industry operates fairly and honestly, providing services that protect retail investors and fostering market integrity.

The importance of FINRA stems from its capacity to set rules and standards for member firms and their employees. FINRA also handles disputes and enforces compliance with securities regulations, which is vital for maintaining investor confidence and the smooth functioning of financial markets. Understanding this acronym is essential for anyone involved in the securities industry, as it represents a key regulatory body that impacts their operations and practices.