By: Alexandra Hughes, Fall 2015 Student Intern
Although FINRA often acts retrospectively to protect investors by disciplining firms and individual brokers who violate securities laws or FINRA industry standards, FINRA also protects investors prospectively by providing education and investment resources.
FINRA provides a host of free and accessible investor education resources on its website for investors of all ages and experiences. The resources available to investors include:
- Preparing to invest resources, which help investors set their financial goals, manage debt, and understand how much money they have to invest
- Products and Professionals resources, which help investors chose the products and investment professionals right for their financial goals
- Protect your money resources, which help investors detect and avoid fraud, protect their identity, and keep up to date with investor alerts from FINRA, the SEC, and other regulatory agencies
- Resolving problems resources, which provide investors with information on how to file a complaint, understand their rights under Securities Investor Protection Corporation, and learn about dispute resolution
- Tools and calculators resources, which link investors to: research tools like FINRA’s BrokerCheck, analyzers like the Risk and Scam Meters, calculators like the Retirement Calculator, and quizzes like the FINRA Investment Knowledge Quiz
- I want to… resources, which help investors target their investment objectives like saving for retirement or college, dealing with losing a job, or getting rid of debt.
In addition to its focus on investor education, FINRA has a strong interest in educating its industry professionals to ensure their compliance with FINRA rules and regulations. The resources available to industry professionals include:
- Oversight resources, which provide information on member and market regulation as well as enforcement and disciplinary actions
- Rules and guidance resources which keep industry professionals up to date with FINRA rules, the rulemaking process, notices and guidance on the rules, as well as enable industry professionals to express comments or concerns about significant rule proposals
- Firm and broker registration and qualification resources
- Regulatory filing and reporting resources
- Education and training resources, which provide information about conferences and events as well as continuing education opportunities.