The North American Securities Administrators Association NASAA has protected Main Street investors from fraud for 100 years, longer than any other securities regulator. State securities regulation predates the creation of the federal Securities and Exchange Commission (SEC) by more than two decades. The primary goal of NASAA is to advocate for the protection of investors.
FINRA is the largest independent regulator for all securities firms doing business in the United States. They oversee nearly 4,450 brokerage firms, 161,065 branch offices and 629,755 registered securities representatives. FINRA’s chief role is to protect investors by maintaining the fairness of the U.S. capital markets.
Investment Adviser Registration Depository (IARD) has three objectives: (1) to create a regulatory system for Investment Advisers to improve overall regulation of advisers, (2) to make information about Investment Advisers available to the public, and (3) to provide Investment Advisers an efficient automated filing system. The information provided via this Web page pertains to the third objective.