Regulations on Abuse by FINRA

Regulations on Abuse by FINRA

Introduction

FINRA is a regulatory body which was created after the merger of National Association of Securities Dealers and the New York Stock Exchange regulation committee. It is responsible for maintaining and governing business between brokers, dealers and the general investing individuals (Financial Industry Regulatory Authority, Inc., 2011). Thus in this assignment we are going to look at the regulations, which the FINRA has in relation to the abuses going on in the market.

Use of Manipulative and Deceptive devices

It has been the case that members have induced into the sale and purchase ...