General FAQs


What is FINRA?

Learn More About FINRA’s Regulatory Practices

FINRA, or the Financial Industry Regulatory Authority, it the largest independent regulator for all securities firms doing business in the United States. Established in July of 2007, it was created through the consolidation of the Financial Industry Regulatory Authority and the enforcement arm of the New York Stock Exchange (NYSE).

FINRA dedicates itself to investor protection and market integrity through regulation of broker-dealers. It is separate from government entities, as it is a non-profit organization that has been authorized by Congress to protect America’s investors.


What is Fiduciary Duty?

Obligations of the Fiduciary Duty

Fiduciary duty references the relationship where one party places a significant amount of trust in the integrity and fidelity of the other party. Because of this, a position of superiority or influence is created and the law then imposes certain obligations on the fiduciary.

In many places, brokers owe a fiduciary duty to their securities clients. If you think that your broker or brokerage firm may have breached their fiduciary duty, contact a securities fraud lawyer to determine if you have a case.


What is a Hedge Fund?

Hedge Funds Involve Potential Risks

A Hedge Fund is an investment pool that is managed with the overall aim of reaching positive investment returns. Unlike mutual funds, the investment strategies of hedge funds are usually much more flexible and the hedge fund typically has very limited obligations for reporting and disclosure to its investors.

A good amount of investors purchase hedge funds assuming that they are protecting their portfolio from negative markets. However, this is not completely factual. Hedge funds usually come with a fair amount of risk and often underperform the market. They also usually come with annual fees of two percent in addition to twenty percent fee of any profits. Hedge funds are also exempt from state securities and most federal laws.

Due to these reasons, hedge funds are not required to follow essential disclosure protections that apply to majority of other investments. Investors are out of the loop concerning what they have invested in and how those investments are performing.

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