Who is actually watching your stockbroker? In this episode, we deep dive into the Financial Industry Regulatory Authority (FINRA), the private American corporation responsible for regulating member brokerage firms and exchange markets. We explore how this self-regulatory organization, which oversees nearly 3,400 firms and over 600,000 registered representatives, operates under the oversight of the SEC to protect investors.

In this episode, we cover:

• Origins and Authority: How FINRA was formed by the 2007 consolidation of the NASD and the enforcement arm of the New York Stock Exchange. We also discuss the June 2025 Supreme Court decision that upheld FINRA’s constitutionality against challenges to its regulatory power.
• Checking Your Broker: We explain the "BrokerCheck" syst ...