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Financial Reports and Policies

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As a not-for-profit, self-regulatory organization whose operations are funded by member firm fees—without the support of any taxpayer dollars—FINRA must prudently manage its finances to ensure it can appropriately fund its mission to protect investors and promote market integrity in a manner that facilitates vibrant capital markets.

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Annual Reports

FINRA’s annual reports describe its finances and operations over the prior year.

Previous Annual Reports

Fines Reports

FINRA uses fines to promote compliance and improve markets. On an annual basis, FINRA itemizes and discloses how it uses fine monies it collected in the previous year.

Previous Fines Reports

Annual Budgets

FINRA’s annual budgets are designed to meet the evolving challenges posed by FINRA’s ongoing regulatory responsibilities and flat revenues in ways that reflect the Financial Guiding Principles.

2021 Budget at a Glance

  • Projects operating revenue of $924.2 million
  • Anticipates capital initiative spending of $65 million
  • Projects 3.5 percent increase in operating expenses over 2020 budgeted levels
  • Includes no fee rate increases for member firms

Download the 2021 FINRA Budget

Previous Budgets

Financial Policies

FINRA’s Financial Guiding Principles governs how FINRA funds its mission, manages expenses, maintains reasonable member firm fees, uses fine monies and sustains appropriate financial reserves.