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.