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  1. Regulators
  2. /
  3. FINRA
The Financial Industry Regulatory Authority official logo
Onshore

FINRAThe Financial Industry Regulatory Authority

  • AboutReading now
  • Overview metrics
  • Advanced metrics
  • Performance
  • Licensed brokers
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Total sections5
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AboutOverview metricsAdvanced metricsPerformanceLicensed brokers

About this information

The details on this page about The Financial Industry Regulatory Authority were compiled from the regulator’s own official documents, its website and other public sources, and are presented as neutral, factual guidance.

If you believe something here is inaccurate, or you spot a critical problem, please let us know via Contact us.

FINRA in the news

1 story · latest 16 Sept 2026
FINRA censured and fined Maxim Group LLC $35,000FINRA Fines Maxim Group $35,000 Over Filing Failures in Seven Public Offerings16 Sept 2026
Country
United States
Jurisdiction
Government Reg.
Established in
2007
License search is not available for this regulator

Performance Metrics

Regulator Performance Overview

100
Overall Rating
0
Licensed Brokers
High
Transparency Index
Tier 1
Global Tier
FATF Member

Overview

Key Performance Indicators

Total Rating

600

Total cumulative score across all categories
Average Rating

100

Average score across all performance metrics
Years Active

19

Years of regulatory operation
Active Licenses

0

Currently active licenses
Regulated Instruments

0

Types of financial instruments
Geographical Coverage

1

Countries under jurisdiction

Client Protection Details

Client Fund Insurance

Insurance coverage protecting client deposits and funds

✓
Status:Up to USD 500000 (SIPC)
Coverage: Up to USD 500000 (SIPC)

Account Managed Separately

Requirement for client funds to be held separately from company funds

✗
Status:

Operational Metrics

compliance
Transparency Level

High

market
Market Position

Tier 1

Compliance Status

IOSCO Membership
Member of International Organization of Securities Commissions
✗ Not Available
FATF Membership
Financial Action Task Force compliance
✓ Compliant

Advanced Metrics

Licensing Information

License Types
Types of licenses available from this regulator

Broker‑Dealer (SRO) Membership

Cost to Obtain
Estimated costs for obtaining a license

USD 150000+

Regulatory Performance Scores

Detailed assessment of regulatory capabilities and effectiveness

Excellent
100SCORE
Overall Rating
6
Excellent
100
Excellence Rate
100
Highest Score

Regulatory Support Features

Negative Balance Protection
Not Supported
Investment Professional
Not Supported
Account Managed Separately
Not Supported

Core Performance Metrics

Detailed breakdown of the 6 key regulatory performance indicators

License Value

Value and prestige of licenses issued by this regulator

100
out of 100
Excellent

Performance Summary

This regulator shows excellent performance with an overall score of 100.

Strongest performance in License Value

Transparency Level: high

Global Tier: tier1

FATF Member
100
Overall
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About The Financial Industry Regulatory Authority

The Securities and Futures Bureau (SFB), established in 2004, is one of Taiwan's key regulatory authorities responsible for policy-making, regulation, and development of Taiwan's capital markets under the direction of the Financial Supervisory Commission (FSC) of Taiwan.

The SFB's primary objectives are to facilitate Taiwan's national economic growth, ensure and maintain the sound developmental direction of securities and futures markets, promote fair trading in these markets, and safeguard the rights and interests of both investors and traders.

The SFB has essential responsibilities to create and maintain financial policies, laws, and regulations, as well as to supervise domestic and international activities in the capital markets.

As the executive unit for the FSC, the SFB is focused on establishing a competitive, transparent, and innovation-oriented financial environment, enabling investors, companies, and financial institutions to operate with confidence in a well-regulated financial system.

Not Supported

Negative Balance Protection

Protection against negative account balances in trading

✗
Status:Not Supported

Investment Professional Support

Access to qualified investment professionals and advisory services

✗
Status:Not Available
regulatory
Regulatory Approach

Government-regulated

Coverage
Prohibited Countries

North Korea - Iran - other sanctioned countries

Fund Insurance
Client fund protection schemes available
✓ Compliant
Account Managed Separately
Mandatory client account segregation
✗ Not Available

Geographic Coverage

Primary Jurisdiction
Main regulatory jurisdiction and headquarters

United States

Coverage Area
Geographic areas where this regulator has jurisdiction

USA - North America - limited global clients

Prohibited Countries
Countries where regulatory activities are prohibited

North Korea - Iran - other sanctioned countries

Regulatory Features

Business Models Permitted
Types of business models allowed under this regulator

Retail Agency (STP); Market Maker (Principal); Provide Liquidity (PoP)

Public License Lookup
Availability of public license verification system

Not Available (Yes (BrokerCheck))

Complaint Mechanism
Process for filing complaints against regulated entities

FINRA Arbitration

Trading Information

Highest Leverage
Maximum leverage ratio permitted by this regulator

1:50

Regulated Financial Instruments
Financial instruments authorized for trading under this regulatory framework

Information not available

Trading Limits
Restrictions and limits imposed on trading activities

Contact regulator for details

International Memberships

IOSCO Membership

International Organization of Securities Commissions

Not a Member(No (SEC is IOSCO))

Member of the global body that brings together the world's securities regulators

FATF Membership

Financial Action Task Force

Member

Member of the inter-governmental body that sets standards for combating money laundering

Benefits:

Commitment to international standards for anti-money laundering and counter-terrorism financing

6
Above Average
Regulatory

Effectiveness of regulatory framework and enforcement

100
out of 100
Excellent
Institutional

Institutional strength and organizational capability

100
out of 100
Excellent
Risk Management

Risk assessment and management protocols

100
out of 100
Excellent
Investment Protection

Investor protection measures and safeguards

100
out of 100
Excellent
Client Fund Insurance Rating

Client fund protection and insurance coverage

100
out of 100
Excellent
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Official Description

Contact Information

website icon

Main Site

https://www.finra.org/

Licensed Brokers

Brokers authorized and regulated by this authority

31 Licensed Brokers
View All Licensed Brokers
Market Securities logo

Market Securities

89.7
Regulated
United Kingdom
Est. 2007
FCA
Performance Metrics (2 factors)
Regulation
94
License
85
Chatham Financial logo

Chatham Financial

Chatham Financial Corp.

88.7
Regulated
United States
Est. 1991
NFA
Performance Metrics (2 factors)
Regulation
93
License
84
T.RowePrice logo

T.RowePrice

T. Rowe Price Group, Inc

87.9
Regulated
United States
Est. 1937
SFC
Performance Metrics (2 factors)
Regulation
95
License
81
Fearnley Securities logo

Fearnley Securities

Fearnley Securities AS

83.8
Regulated
Norway
Est. 1987
Performance Metrics (2 factors)
Regulation
86
License
82
U.S. Bank logo

U.S. Bank

82
No Regulation
United States
Est. 1995
FINRA
Performance Metrics (2 factors)
Regulation
82
License
82
tastytrade logo

tastytrade

tastytrade, Inc

81.2
Suspicious Clone
Northern Mariana Islands
Est. 2015
FINRA
Performance Metrics (2 factors)
Regulation
88
License
74
AMTD logo

AMTD

AMTD Group Company Limited

79
Suspicious Clone
Hong Kong
Est. 2003
SFC
Performance Metrics (2 factors)
Regulation
82
License
76
NatWest Markets logo

NatWest Markets

NatWest Markets Plc

74.6
No Regulation
United Kingdom
Est. 2016
FCA
Performance Metrics (3 factors)
Regulation
90
License
84
Univest logo

Univest

Univest Securities

73.1
No Regulation
United States
Est. 1994
SEC
Performance Metrics (2 factors)
Regulation
72
License
74
E TRADE logo

E TRADE

E*TRADE Futures LLC

70.2
Regulated
United States
Est. 1982
NFA
Performance Metrics (3 factors)
Regulation
86
License
82
EFG Holding logo

EFG Holding

70.2
Regulated
Est. 2025
DFSA
Performance Metrics (3 factors)
Regulation
92
License
77
SSY logo

SSY

Simpson Spence Young

68.2
Suspicious Clone
United States
Est. 1880
FINRA
Performance Metrics (2 factors)
Regulation
62
License
74
Software
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Maximum Leverage: N/A
Platforms: N/A
Regulated in:
United Kingdom flagUnited KingdomUnited Kingdom flagUnited KingdomUnited Arab Emirates flagUnited Arab Emirates+3 more licenses
View Details
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N/A
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N/A
Maximum Leverage: N/A
Platforms: N/A
Regulated in:
United States flagUnited StatesUnited Kingdom flagUnited KingdomAustralia flagAustralia+3 more licenses
View Details
Software
N/A
Spread
N/A
Maximum Leverage: N/A
Platforms: N/A
Regulated in:
Hong Kong flagHong KongUnited States flagUnited StatesUnited States flagUnited States+4 more licenses
View Details
Software
N/A
Spread
N/A
Maximum Leverage: N/A
Platforms: N/A
Regulated in:
Norway flagNorwayUnited States flagUnited StatesUnited States flagUnited States+1 more licenses
View Details
Software
N/A
Spread
N/A
Maximum Leverage: N/A
Platforms: N/A
Regulated in:
United States flagUnited StatesUnited States flagUnited StatesUnited Kingdom flagUnited Kingdom+1 more licenses
View Details
Software
N/A
Spread
N/A
Maximum Leverage: N/A
Platforms: N/A
Regulated in:
United States flagUnited StatesPhilippines flagPhilippinesUnited States flagUnited States+1 more licenses
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Software
N/A
Spread
N/A
Maximum Leverage: N/A
Platforms: N/A
Regulated in:
Hong Kong flagHong KongUnited States flagUnited StatesUnited States flagUnited States
View Details
Software
50
Spread
N/A
Maximum Leverage: N/A
1 Platform
Regulated in:
United Kingdom flagUnited KingdomUnited States flagUnited StatesJapan flagJapan+1 more licenses
View Details
Software
N/A
Spread
N/A
1:1
Platforms: N/A
Regulated in:
United States flagUnited StatesUnited States flagUnited States
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Account Type
43
Software
N/A
Maximum Leverage: N/A
Platforms: N/A
Regulated in:
United States flagUnited StatesUnited States flagUnited StatesUnited States flagUnited States
View Details
Account Type
42
Software
N/A
1:1
Platforms: N/A
Regulated in:
United Arab Emirates flagUnited Arab EmiratesUnited States flagUnited StatesIsrael flagIsrael+6 more licenses
View Details
Software
N/A
Spread
N/A
Maximum Leverage: N/A
Platforms: N/A
United States flagUnited States
View Details