What Is FINRA?
The Financial Industry Regulatory Authority (known as FINRA) is an organization authorized by Congress to oversee and regulate the securities industry. FINRA’s regulators are tasked with ensuring all investment brokerage firms, as well as the financial advisors who work for them, act ethically and in the best interests of their customers.
How Can FINRA Arbitration Help Me?
FINRA is the exclusive forum for all disputes between investors, brokerage firms, and financial advisors who work for those firms. As a result, if you believe your financial advisor has given you poor or incompetent advice that has caused you to lose money, or committed fraud against you, you must bring an arbitration claim against the brokerage firm and/or advisor through FINRA’s arbitration process. The same generally is true for disputes between a financial advisor and brokerage firm.