Series 9/10

finance a la shmoop what is FINRA? Financial Industry Regulatory Authority

once again for those in the back that's Financial Industry Regulatory

Authority FINRA it's kind of a yoga mantra thing because firms get FINRA'd [Woman meditating with yoga]

every day well FINRA is the private agency that

regulates exchanges and brokerage firms that are members they administer tests

and actually create them you know like these the series exams which we just [Series exams appear]

happen to have shmoop if you've got 70 to 80 spare hours and want to give them

a looksie... think about all the bad PR that sleazy financial wheeler-dealers [Financial dealers discussing matters]

got back in the 1930s before the various acts were enacted you know the 33 34 40

nobody was gonna trust "Wall Street people" unless there was a kind

of Good Housekeeping Seal of fair-and-square dealers who made sure

that the various laws and compliance things were actually upheld..Note,

importantly that it isn't the job of FINRA or well any government body to

recommend buying selling or holding any particular security because you're gonna

make money it's only their job to be sure that the letter of the law is [Letter of law appears]

followed and that that letter is presented in a way so that everyone has

fair access to relevant and similar information it's all about making a fair

and square level playing field for all without that well Manhattan would look a

lot more like Mogadishu than Manhattan [Manhattan skyline appears]