What is FINRA?
The Financial Industry Regulatory Authority (FINRA) describes itself as
the largest independent regulator for all securities firms doing business
in the United States. It was created in July of 2007 through the consolidation
of the National Association of Securities Dealers and the enforcement
arm of the New York Stock Exchange. The FINRA operates the largest arbitration
forum for the resolution of disputes between its member firms and their
customers. Most of the agreements between brokerage firms and investors
include mandatory arbitration provisions, which require that any dispute
be arbitrated before a FINRA panel.
For more information on the difference between a FINRA Complant and FINRA
Arbitration, watch this video from attorney Courtney Werning.