FINRA oversees about 3,800 brokerages and 630,000 brokers

“Its annual operating budget of about $1 billion – supporting about 3,500 staffers in 16 offices – comes primarily from dues paid by member firms and individual brokers. FINRA has the power to fine, suspend and ban firms and brokers, and it can refer potentially criminal cases to the Securities and Exchange Commission (SEC)”.


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