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Financial Reports and Policies


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 in ways that reflect the Financial Guiding Principles.

2022 Budget at a Glance

  • Projects operating revenue of $1,095.5 million
  • Anticipates capital initiative spending of $182.5 million, including Key Finance/Board Approved Initiatives
  • Projects an increase in operating expenses over 2021 budgeted levels as we resume more normal activities

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.