Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 05, 2015 4:50 AM ET

Diversified Financial Services

Company Overview of Financial Industry Regulatory Authority, Inc.

Company Overview

Financial Industry Regulatory Authority, Inc. (FINRA) is a trade association that provides regulatory, consulting, and advisory services focusing on financial services and securities brokerage companies. The organization offers registration, dispute resolution, federal securities law enforcement, market surveillance and analysis, and regulatory policy formulation and implementation services. FINRA, formerly known as National Association of Securities Dealers, Inc., was founded in 1938 and is headquartered in Washington, District of Columbia.

1735 K Street

Washington, DC 20006

United States

Founded in 1938

Phone:

202-728-8000

Fax:

202-293-6260

Key Executives for Financial Industry Regulatory Authority, Inc.

Executive Chairman of Board of Governors and Chief Executive Officer
Age: 64
Executive Vice President and Chief Financial Officer
Senior Vice President and Regional Director of New York Region
President of Dispute Resolution, Executive Vice President, and Chief Hearing Officer
Executive Vice President and Director of Dispute Resolution
Compensation as of Fiscal Year 2015.

Financial Industry Regulatory Authority, Inc. Key Developments

Financial Industry Regulatory Authority, Inc. Fines Aegis Capital Corp. $950,000 for Sales of Unregistered Penny Stocks and AML Violations

Financial Industry Regulatory Authority, Inc. announced that it has fined Aegis Capital Corp. $950,000 for improperly selling unregistered penny stocks and for related supervisory failures, and for failing to implement anti-money laundering (AML) policies and procedures. Aegis is also required to retain an independent consultant to review its supervisory and AML systems and procedures. In addition, Charles D. Smulevitz and Kevin C. McKenna, who served successively as Chief Compliance and AML Compliance Officers at the time of the violations, agreed to 30- and 60-day principal suspensions, and fines of $5,000 and $10,000, respectively, for their supervisory and AML failures.

Global Strategic Investments LLC Enters into Agreement with FINRA to Settle Charges over Venezuelan Bonds

Global Strategic Investments LLC entered into an agreement with FINRA to settle charges that the company opened accounts for two foreign banks to liquidate Venezuelan bonds, without conducting the proper due diligence. Global Strategic sold over $650 million in Venezuelan bonds with the intention of facilitating currency exchanges beginning in November 2010. Global Strategic agreed to a $200,000 fine without admitting to or denying the charges.

Goldman Sachs to Repay USD 80 Million to National Australia Bank

Goldman Sachs has been asked by the Financial Industry Regulatory Authority (Finra) to pay a sum of USD 80 million with interest to the National Australia Bank. According to the report NAB filed a USD 230 million arbitration claim in 2012, alleging that Goldman Sachs had violated the mortgage-linked security practices. In its claim, NAB had claimed for USD 230 million in total damages including USD 80 million as compensatory damages with interest of USD 60 million and punitive damages.

Similar Private Companies By Industry

Company Name Region
Valley State Employees Credit Union United States
Capital Funding Group, Inc. United States
First Americano Financial Corp. (Elizabeth, NJ) United States
First Continental Investment Co., LTD. United States
Crest Capital United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Financial Industry Regulatory Authority, Inc., please visit www.finra.org. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.