ShmoopTube
Where Monty Python meets your 10th grade teacher.
Search Thousands of Shmoop Videos
Real Estate Videos 105 videos
What is Counterparty Risk? Counterparty risk is the risk to either party within a transaction that the other will not or be unable to abide by the...
NAV isn't a cool new navigation app...it's how mutual fund shares are valued or priced at the end of each trading day.
What are the types of income tax? Federal income tax. State income tax. Real estate tax. Value Added Tax (VAT). Some tax is progressive, some tax i...
Finance: What is FINRA? 5 Views
Share It!
Description:
What is FINRA? FINRA is the Financial Industry Regulatory Authority. They are responsible for ensuring that financial transactions are done fairly; basically they are in charge of and make the rules for investment firms and anyone engaging in securities trading.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
- Terms and Concepts / Company Management
- Terms and Concepts / Derivatives
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Incorporation
- Terms and Concepts / Investing
- Terms and Concepts / Managed Funds
- Terms and Concepts / Marketing
- Terms and Concepts / Metrics
- Terms and Concepts / Mutual Funds
- Terms and Concepts / Real Estate
- Terms and Concepts / Regulations
- Terms and Concepts / Trading
Transcript
- 00:00
finance a la shmoop what is FINRA? Financial Industry Regulatory Authority
- 00:09
once again for those in the back that's Financial Industry Regulatory
- 00:13
Authority FINRA it's kind of a yoga mantra thing because firms get FINRA'd [Woman meditating with yoga]
- 00:19
every day well FINRA is the private agency that
- 00:23
regulates exchanges and brokerage firms that are members they administer tests
Full Transcript
- 00:29
and actually create them you know like these the series exams which we just [Series exams appear]
- 00:33
happen to have shmoop if you've got 70 to 80 spare hours and want to give them
- 00:38
a looksie... think about all the bad PR that sleazy financial wheeler-dealers [Financial dealers discussing matters]
- 00:42
got back in the 1930s before the various acts were enacted you know the 33 34 40
- 00:48
nobody was gonna trust "Wall Street people" unless there was a kind
- 00:54
of Good Housekeeping Seal of fair-and-square dealers who made sure
- 00:58
that the various laws and compliance things were actually upheld..Note,
- 01:02
importantly that it isn't the job of FINRA or well any government body to
- 01:07
recommend buying selling or holding any particular security because you're gonna
- 01:11
make money it's only their job to be sure that the letter of the law is [Letter of law appears]
- 01:15
followed and that that letter is presented in a way so that everyone has
- 01:20
fair access to relevant and similar information it's all about making a fair
- 01:25
and square level playing field for all without that well Manhattan would look a
- 01:30
lot more like Mogadishu than Manhattan [Manhattan skyline appears]
Related Videos
GED Social Studies 1.1 Civics and Government
What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...
How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...