What does it mean to be affiliated with FINRA or a financial institution?

“FINRA” is the Financial Industry Regulatory Authority.

“Affiliate” means any of the following works for FINRA or a financial institution:

• Your spouse
• Any member of your immediate household
• Anyone who contributes 25% or more to your annual income

A “financial institution” is defined as:

• A FINRA registered broker-dealer
• A domestic or foreign non-member broker-dealer
• An investment adviser
• A bank
• An insurance company
• A trust company
• A credit union
• An investment company

If you are affiliated with FINRA or a financial institution, see the following steps here.

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