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.