Financial Industry Regulatory Authority - Dispute Resolution

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[edit] General Information

  • Official name: Financial Industry Regulatory Authority - Dispute Resolution
  • Country: USA
  • City: New York
  • Type of organization: independent organization
  • Date of creation: 1947
  • Interests: Mediation – Arbitration - Training
  • Fields of expertise: Business, Workplace and Labor Disputes

[edit] Description

The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 4,700 brokerage firms, about 167,000 branch offices and approximately 635,000 registered securities representatives.

Created in July 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange, FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services.

FINRA touches virtually every aspect of the securities business—from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. It also performs market regulation under contract for The NASDAQ Stock Market, the American Stock Exchange, the International Securities Exchange and the Chicago Climate Exchange.

FINRA has approximately 2,800 employees and operates from Washington, DC, and New York, NY, with 15 District Offices around the country.

FINRA believes investor protection begins with education. Using the Internet, the media and public forums, we help investors build their financial knowledge and provide them with essential tools to better understand the markets and basic principles of saving and investing. In addition, the FINRA Investor Education Foundation is the largest foundation in the U.S. dedicated to investor education. As of April 2009, the Foundation had approved approximately $46 million in investor education and protection initiatives through a combination of grants and targeted projects.

In today's fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair, ensuring investor choice and proactively addressing emerging regulatory issues before they harm investors or the markets.

[edit] FINRA Dispute Resolution

FINRA Dispute Resolution operates the largest securities dispute resolution forum in the world. FINRA facilitates the efficient resolution of monetary, business, and employment disputes between investors, securities firms, and employees of securities firms. FINRA Dispute Resolution offers both arbitration and mediation services through a network of offices across the United States. FINRA handles employment and business disputes within the industry, as well as a wide variety of investment disputes involving stocks, bonds, options, mutual funds and other types of securities.

Today, FINRA is known as the largest and most effective dispute resolution forum in the securities industry – handling virtually all such arbitrations and mediations in the United States. FINRA recruits, trains and manages large rosters of neutral arbitrators and mediators, with nearly 7,000 arbitrators and more than 1,000 mediators carefully selected from a diverse cross-section of professionals. These FINRA neutrals are available to arbitrate and mediate cases in 72 locations around the country and in London and Puerto Rico.

FINRA Dispute Resolution is subject to the same Securities and Exchange Commission oversight as FINRA, and it has its own President, Linda D. Fienberg. The National Arbitration and Mediation Committee makes recommendations to Dispute Resolution and the Board regarding the conduct of arbitrations, mediations, and other dispute resolution matters.

FINRA Dispute Resolution pledges to provide impartial professional staff and highly trained arbitrators, mediators, and other neutrals committed to delivering fair, expeditious, and cost-effective dispute resolution services for investors, brokerage firms, and their employees. FINRA Dispute Resolution wants our customers to view us as the pre-eminent provider of dispute resolution services worldwide.

The FINRA Dispute Resolution forum is dedicated to facilitating the efficient resolution of monetary, business, and employment disputes through arbitration and mediation services.

On the website of FINRA, you can find more information about:

  • Overview of the Dispute Resolution Process
  • Comparison of Mediation and Arbitration
  • Mediation: An Alternate Path
  • Mediation Myths & Realities
  • Arbitration Procedures
  • How to Find an Attorney

[edit] Contact

One Liberty Plaza 165 Broadway 27th Floor New York, NY 10006 – USA

Tel: (212) 858-4200

Fax: (301) 527-4873

Official Website

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