FINRA Rule Watch

South Florida Broker - Dealer, Investment Advisor and  Account Executive Fraud, Misrepresentation and Breach of Fiduciary Duty FINRA Arbitration Attorney, Russell L. Forkey, Esq.

The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator of securities firms doing business in the United States. FINRA operates as a self-regulatory organization overseen by the Securities and Exchange Commission (SEC). FINRA's mission is to protect America's investors by making sure that the securities industry, including broker/dealers and account executives, operate fairly and honestly. As FINRA itself has indicated it "is dedicated to investor protection and market integrity through effective and efficient regulation..."

As part of the regulation process, FINRA writes, proposes and adopts, subject to SEC approval, various rules that govern, among other things, the registration of firms and individuals, the operation of these FINRA members, and their relationship with each other and/or public customers.

As a result of the fluidity of the investing market place, including the products being offered and enhancements in technology, FINRA is constantly reviewing current and issuing proposed rules, with guidance, which it determines are required for it to perform its mission, focusing on the greatest risks to investors.

There are two distinct consequences of members violating FINRA rules, regulations and guidance. The offending party may be disciplined by FINRA regulation through suspensions, bars, fines and orders of restitution or used, by an investor. in a FINRA arbitration, as a standard by which to compare the activity being complained of by the investor.

As the reader can well imagine, during any time period there are a number of concept releases, rule proposals and adopted rules that are published in the federal register or otherwise disseminated by FINRA or the SEC. We review these and present information on those that we believe may be of interest to the average investor. However, please keep in mind that this information is being provided for educational purposes only and is not designed to be complete in all material respects. It should not be relied upon as providing legal or investment advice. If you have any questions, you contact a qualified professional.

If the reader would like to browse this information, it is only necessary to follow the popups associated with this section of our website or to follow the below described links to the FINRA Manual or FINRA Rule Filings.

Contact Us:

With extensive courtroom, arbitration and mediation experience and an in-depth understanding of securities law, our firm provides all of our clients with the personal service they deserve. Handling cases worth $25,000 or more, we represent clients throughout Florida and across the United States, as well as for foreign individuals that invested in U.S. banks or brokerage firms. Contact us to arrange your free initial consultation.

At the Boca Raton Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Boca Raton, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage and precious metal firms.