Regulatory Bodies
An independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States
What is the Financial Industry Regulatory Authority ("FINRA")?
A security that represents the ownership of a fraction of a corporation
What are stocks?
This rule requires a firm to establish and maintain a system to supervise the activities of its associated persons that is reasonably designed to achieve compliance with the applicable securities laws and regulations and FINRA rules.
What is FINRA Rule 3110?
A type of investment account where investment advisory services are included to help a client formulate and implement investment purchases and strategies
What is an advisory account?
This professional is an individual who is paid for providing advice about securities to their clients.
What is an investment advisor?
An organization that sets production targets among its members to manage oil production.
What is the Organization of the Petroleum Exporting Countries ("OPEC")?
These products are issued by states, cities, counties and other governmental entities to raise money to build roads, schools and a host of other projects for the public good.
What are municipal bonds?
This rule allows FINRA staff and adjudicators the ability to inspect and copy certain books, records and accounts of their member firms and those associated with such member firms.
What is FINRA Rule 8210?
An account in which you have complete control over how you invest your money.
What is a self-directed brokerage account?
This professional is licensed to give legal advice to clients.
What is a lawyer?
This entity regulates the financial services industry in the United Kingdom.
What is the The Financial Conduct Authority ("FCA")?
These products are complex financial instruments that have characteristics of both fixed and variable annuities.
What are Indexed Annuities?
This rule describes the margin requirements that determine the amount of collateral customers are expected to maintain in their margin accounts, including both strategy-based margin accounts and portfolio margin accounts.
What is FINRA Rule 4210
This account offers tax-free growth and tax-free withdrawals in retirement dictating that as long as you've owned your account for 5 years and you're age 59½ or older, you can withdraw your money when you want to and you won't owe any federal taxes.
What is a ROTH IRA?
This professional monitors the financial conditions of a financial institutions as they examine balance sheets and loan documentation to confirm liabilities and assets, operating income, and expense accounts.
What is a financial examiner?
This agency of the United States federal government was created to monitor federal credit unions across the county.
What is the National Credit Union Administration ("NCUA")
This product is a high-yield debt instrument that is designed to raise money for companies in the event of a natural disaster
What are catastrophe bonds?
This rule deals with records that must be preserved by certain exchange members, brokers and dealers.
What is SEA Rule 17a-4?
This is a type of account in which the broker lends the customer cash to purchase stocks or other financial products.
What is a margin account?
Thus professional works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.
What is an investment banker?
A dissolved United States federal agency under the Department of the Treasury that chartered, supervised, and regulated all federally chartered and state-chartered savings banks and savings and loans associations.
What is the Office of Thrift Supervision ("OTS")
A derivative that allows the holder to buy or sell a security, such as a bond or a share, but is not attached to a newly issued bond or preferred stock.
What is a naked warrant?
This rule requires firms to create and maintain written business continuity plans relating to an emergency or significant business disruption.
What is FINRA Rule 4370?
This account allows a minor to receive gifts—such as money, patents, royalties, real estate, and fine art—without the aid of a guardian or trustee.
What is a Uniform Transfers to Minors Act ("UTMA") account?
What is an actuary?