The Financial Industry Regulatory Authority (FINRA), a not-for-profit organization dedicated to investor protection and market integrity, recently launched FINRA Forward, three initiatives designed to improve effectiveness and efficiency.
“To serve its mission — promoting investor protection, market integrity, and vibrant capital markets — FINRA must continuously improve its regulatory policies and programs to make them more effective and efficient,” Robert Cook, FINRA CEO said. “During my time as CEO, we have worked hard to build a culture of continuous improvement across FINRA — and we have come a long way… But continuous improvement means our work is never done, especially since capital markets are constantly evolving and new opportunities to do better are always emerging.”
The first initiative will conduct a broad review of FINRA rules with the goal of modernizing requirements, eliminating unnecessary burdens and facilitating innovation.
The second initiative will enhance how FINRA supports member firm compliance to better protect investors and safeguard markets.
The third initiative will expand FINRA cybersecurity and fraud prevention activities to support member firms’ risk management capabilities and to become more resilient against emerging threats.
FINRA regulates member brokerage firms doing business in the United States. It also provides surveillance and other regulatory services for equities and options markets.