The Financial Industry RegulatoryAuthority (FINRA)
The Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization (SRO) that supervises U.S. broker-dealers and securities firms under the oversight of the U.S. Securities and Exchange Commission (SEC). While FINRA does not directly regulate retail forex trading, it plays an important role in monitoring forex-related fraud, conduct of member firms, and advertising of speculative investment products.
While FINRA does not regulate the execution of forex trades, it plays a key role in protecting U.S. investors from fraudulent advertising, misleading forex investment schemes, and improper conduct by broker-dealers. For forex trading, always confirm that your platform is NFA/CFTC-registered and report suspicious conduct through FINRA’s complaint portal if a broker-dealer is involved.
- Supervises broker-dealer conduct, including misrepresentation of forex products
- Investigates and sanctions unlicensed solicitation or fraudulent forex schemes
- Enforces rules on advertising, communications, and disclosures for retail clients
- Coordinates with the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) for forex derivatives oversight
- Use the FINRA BrokerCheck Tool
- Search by name or CRD number to verify status, licenses, and disclosures
- To report misconduct, use the FINRA Complaint Center
Country
United States
Established
2007
Contact
+1 301-590-6500
Complaint bodies
Financial Industry Regulatory Authority (FINRA), CFTC/NFA – for actual forex trading platforms or derivative dealers
Hotline
+1 301-590-6500
Last updated on: March 28, 2025
High Risk Warning : Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.