2011-11-11T13:56:21-06:00 2010-12-31 ERNST & YOUNG US LLP TWO NORTH CENTRAL AVENUE STE 2300 PHOENIX AZ 85004 990 2010-01-01 530088710 FINANCIAL INDUSTRY REGULATORY AUTHORITY INC FINA 2027288949 1735 K STREET NW WASHINGTON DC 200061506 ROBERT A RENNER 2011-11-11 6023223000 2010 2016-02-24 21:20:13Z RICHARD G KETCHUM 1735 K STREET NW WASHINGTON DC 200061506 3081437488 false X WWW.FINRA.ORG X 1936 DE FINRA IS DEDICATED TO INVESTOR PROTECTION AND MARKET INTEGRITY THROUGH EFFECTIVE AND EFFICIENT REGULATION OF THE SECURITIES INDUSTRY. 22 10 705 2 39018044 0 0 0 421979581 400257523 -236153909 24906035 134631393 180552555 320457065 605716113 5000000 0 0 0 140543686 155855827 0 0 0 500341571 467858075 645885257 623713902 -325428192 -17997789 2004140244 2189058689 344868400 409521494 1659271844 1779537195 X FINRA IS DEDICATED TO INVESTOR PROTECTION AND MARKET INTEGRITY THROUGH EFFECTIVE AND EFFICIENT REGULATION OF THE SECURITIES INDUSTRY. false false SEE SCHEDULE O false false false true false false false false false true true false false false true false true false true true false false false false false false false false true false false false false true true false false false false true true true true false true 232 0 true 705 true true true true BD false false false false X 22 10 true false false false true true true true true false false true true true true true true true true false CA X MARCIA E ASQUITH 2027288949 1735 K STREET NW WASHINGTON DC 200061506 X RICHARD G KETCHUM 60.0 X X 2260346 0 349008 JED BANDES PART-YR 2.0 X 28922 0 0 JOEL R BLUMENSCHEIN PART-YR 2.0 X 27761 0 0 CHARLES A BOWSHER 2.0 X 68998 0 0 JOHN J BRENNAN 3.0 X 62789 0 0 ELLYN L BROWN 2.0 X 60321 0 0 RICHARD F BRUECKNER 4.0 X 73286 0 0 MARI BUECHNER PART-YR 2.0 X 43074 0 0 JAMES E BURTON 4.0 X 80017 0 0 MARK S CASADY 3.0 X 60742 0 0 JOHN FX DOLAN 2.0 X 59023 0 0 JAMES F DUFFY PART-YR 2.0 X 41464 0 0 W DENNIS FERGUSON 3.0 X 64839 0 0 HARVEY J GOLDSCHMID 3.0 X 63262 0 0 WILLIAM H HEYMAN 3.0 X 70203 0 0 DR SHIRLEY ANN JACKSON 2.0 X 65306 0 0 KEN NORENSBERG PART-YR 3.0 X 30261 0 0 RICHARD S PECHTER 3.0 X 70202 0 0 JOHN W SCHMIDLIN 2.0 X 82253 0 0 JOEL SELIGMAN 2.0 X 55323 0 0 G DONALD STEEL PART-YR 2.0 X 50085 0 0 GARY H STERN 2.0 X 71407 0 0 KURT P STOCKER 2.0 X 68590 0 0 SETH H WAUGH 2.0 X 0 0 0 JAMES D WEDDLE 2.0 X 0 0 0 DUNCAN F WILLIAMS PART-YR 2.0 X 43089 0 0 TODD T DIGANCI 60.0 X 1172194 0 59804 MARCIA E ASQUITH 60.0 X 588242 0 51325 T GRANT CALLERY 60.0 X 705205 0 111280 MARTIN P COLBURN 60.0 X 856433 0 195616 JAMES J CUMMINGS 60.0 X 0 643127 100075 JAMES P DONOVAN 60.0 X 869225 0 1165546 LINDA D FIENBERG 60.0 X 0 893494 80505 SAMUEL H GAER 60.0 X 76850 0 204019 STEPHEN LUPARELLO 60.0 X 0 1370526 62363 MARC MENCHEL 60.0 X 0 1092510 65663 HOWARD M SCHLOSS 60.0 X 827144 0 200239 STEPHEN M SCHOENEMAN 60.0 X 708508 0 63439 THOMAS M SELMAN 60.0 X 0 672502 75683 JAMES R ALLEN 60.0 X 582114 0 105753 RICHARD A BACHMAN 60.0 X 1575980 0 21929 STEVEN A JARRETT 60.0 X 618888 0 431137 STEPHEN A JOACHIM 60.0 X 797207 0 334027 ANGELA A POSILLICO 60.0 X 614460 0 70389 13594013 4672159 3747800 336 false true false HP ENTERPRISE SERVICES LLC 1185 AVENUE OF THE AMERICAS 31ST F NEW YORK NY 10036 TECH. 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CONSULTING 4726250 NCS PEARSON INCORPORATED 21866 NETWORK PLACE CHICAGO IL 60673 TESTING SERVICES 4606038 111 0 ACTIVITY ASSESSMENT 900099 295238554 295238554 USER FEES 900099 3380867 3380867 TRANSPARENCY SERVICE FEES 900099 48619400 48619400 CONTRACT SERVICE FEES 900099 52596317 13718221 38878096 All other program service revenue 900099 422385 422385 400257523 29923780 139948 29783832 0 1548592 1548592 2470703630 2475721375 -5017745 -5017745 -5017745 0 0 0 SUBSIDIARY OVERHEAD ALLOCATION 900099 179003963 179003963 179003963 605716113 540383390 39018044 26314679 0 0 0 0 11333100 0 102646121 19181225 17508334 5187047 7886445 3381939 973033 452730 0 5248637 15009544 113320 9803423 82139984 0 9456907 4330623 0 757073 7244 0 23870752 2281145 ACTIVITY ASSESSMENT 295394965 TEMPORARY HELP 4063301 TAXES 1970932 PUBLICATIONS/PRINTING 738846 BANK SERVICE FEES 519065 -541833 623713902 -4558486 -579157 238183202 417284795 156621144 72146475 14636079 21637956 248232371 140609490 111470503 107622881 708935363 744846594 644678891 716587903 33333966 31393533 100839582 78117709 2004140244 2189058689 287609435 363167146 57258965 46354348 344868400 409521494 X 169005778 169005778 1490266066 1610531417 1659271844 1779537195 2004140244 2189058689 X -17997789 138263140 X false true true X false false false false 800000 800000 800000 11659974 11659974 64233762 17692620 46541142 61510663 40594036 20916627 68969023 58834228 10134795 41858949 23488607 18370343 107622881 PRIVATE INVESTMENTS 676367212 F MARKETABLE ALTERNATIVE INVESTM 39920691 F INVESTMENT IN NSCC 300000 C 716587903 0 0 FIN 48 FOOTNOTE FROM CONSOLIDATED AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART X, LINE 2 U.S. GAAP PROVIDES A TWO-STEP APPROACH FOR EVALUATING TAX POSITIONS. RECOGNITION (STEP 1) OCCURS WHEN AN ENTITY CONCLUDES THAT A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. IN STEP 2 (MEASUREMENT), THE TAX BENEFIT IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT, DETERMINED ON A CUMULATIVE PROBABILITY BASIS, THAT IS MORE LIKELY THAN NOT TO BE REALIZED UPON ULTIMATE SETTLEMENT. DURING THE YEARS FROM 2007 TO 2010, WHICH REPRESENT THE YEARS MANAGEMENT CONSIDERS TO BE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, MANAGEMENT DID NOT IDENTIFY THE EXISTENCE OF ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, ALL TAX POSITIONS ARE RECOGNIZED AND MEASURED AT THEIR FULL BENEFIT IN THE CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS. Central America and the Caribbean 1 0 Program Services INSURANCE 12165 Central America and the Caribbean 0 0 Investments 5194637 Europe (Including Iceland and Greenland) 0 0 Investments 2094122 Sub-Saharan Africa 0 0 Investments 530360 1 0 1 0 7831284 7831284 true false true true true false X X X X X true true X X X X X true true false RICHARD G KETCHUM 980740 0 1250000 0 29606 0 321305 0 27703 0 2609354 0 0 0 TODD T DIGANCI 476490 0 660000 0 35704 0 30644 0 29160 0 1231998 0 0 0 MARCIA E ASQUITH 207155 0 220000 0 161087 0 23460 0 27865 0 639567 0 35876 0 T GRANT CALLERY 357230 0 317800 0 30174 0 84163 0 27117 0 816485 0 0 0 MARTIN P COLBURN 382482 0 454043 0 19908 0 159027 0 36589 0 1052049 0 0 0 JAMES J CUMMINGS 0 268303 0 347149 0 27674 0 70295 0 29780 0 743202 0 0 JAMES P DONOVAN 500000 0 360000 0 9225 0 1158318 0 7228 0 2034771 0 0 0 LINDA D FIENBERG 0 440336 0 420300 0 32858 0 62664 0 17842 0 974000 0 0 SAMUEL H GAER 76735 0 0 0 115 0 203077 0 942 0 280869 0 0 0 STEPHEN LUPARELLO 0 585278 0 700000 0 85248 0 31847 0 30517 0 1432890 0 0 MARC MENCHEL 0 391140 0 434300 0 267070 0 34801 0 30862 0 1158173 0 0 HOWARD M SCHLOSS 422440 0 393000 0 11704 0 157340 0 42899 0 1027383 0 0 0 STEPHEN M SCHOENEMAN 287126 0 225000 0 196382 0 31076 0 32363 0 771947 0 45366 0 THOMAS M SELMAN 0 326105 0 324400 0 21997 0 63136 0 12547 0 748185 0 0 JAMES R ALLEN 247098 0 147000 0 188016 0 67851 0 37902 0 687867 0 0 0 RICHARD A BACHMAN 5393 0 155000 0 1415588 0 5717 0 16212 0 1597909 0 0 0 STEVEN A JARRETT 280991 0 285000 0 52896 0 404843 0 26294 0 1050025 0 0 0 STEPHEN A JOACHIM 345556 0 428200 0 23451 0 293675 0 40352 0 1131234 0 0 0 ANGELA A POSILLICO 230166 0 230000 0 154294 0 35713 0 34676 0 684849 0 0 0 SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J FOR THE HIGHEST COMPENSATED EXECUTIVES, BASE SALARY AND INCENTIVE COMPENSATION (EARNED IN THE PRIOR YEAR) REPORTED IN COLUMNS B(i) AND B(ii) ARE INDEPENDENTLY DETERMINED AND APPROVED BY THE MANAGEMENT COMPENSATION COMMITTEE OF THE BOARD OF GOVERNORS. IN DETERMINING SALARIES AND INCENTIVE PAY, THE COMMITTEE RELIED ON A THIRD-PARTY COMPENSATION STUDY PERFORMED BY MERCER, INC. THAT COMPARED FINRA EXECUTIVES TO INDUSTRY BENCHMARKING DATA. OTHER REPORTABLE COMPENSATION (COLUMN B(iii)) IS LARGELY COMPOSED OF RETIREMENT VESTING AND/OR PAYOUT EVENTS FROM NON-QUALIFIED PLANS, AS WELL AS SEVERANCE OR SEPARATION PAYMENTS, IF APPLICABLE. FINRA OFFERS TWO NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS. 1) FINRA'S SUPPLEMENTAL DEFINED BENEFIT PLAN IS A NON-QUALIFIED DEFINED BENEFIT PLAN THAT IS PROVIDED TO MEMBERS OF A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES SUCH AS THOSE DESCRIBED UNDER 201(2), 301(A)(3), AND 401(A)(1) OF ERISA. IT IS A FINRA FUNDED PLAN THAT VESTS AT SPECIFIED AGE AND SERVICE MILESTONES. THIS PLAN WAS CLOSED TO NEW ENTRANTS AS OF 12/31/05. 2) FINRA'S SUPPLEMENTAL DEFINED CONTRIBUTION PLAN IS A NON-QUALIFIED PLAN THAT IS OPEN TO VICE PRESIDENTS AND ABOVE WITH AN ANNUAL BASE PAY ABOVE THE QUALIFIED LIMIT. IT IS ONLY OPEN TO THOSE NOT PARTICIPATING IN THE CLOSED NON-QUALIFIED DEFINED BENEFIT PLAN DESCRIBED ABOVE. IT IS A FINRA FUNDED PLAN WITH A 3 YEAR VESTING CYCLE WITH ANNUAL VESTING BEGINNING AT AGE 62. ADDITIONAL INFORMATION CONCERNING FINRA'S RETIREMENT PLANS AND OTHER PARTICIPANTS IS PROVIDED BELOW. SCHEDULE J, PART I, LINE 1 FIRST CLASS OR CHARTER TRAVEL: THE NEXT CABIN ABOVE ECONOMY IS ALLOWED FOR INTERNATIONAL TRAVEL TO AND FROM THE U.S. INCLUDING CANADA AND MEXICO, WHERE THE FLIGHT TIME IS OVER FOUR HOURS DIRECT. IT IS ALSO ALLOWED FOR ALL TRAVEL FROM THE U.S. MAINLAND TO HAWAII, AND FOR FLIGHTS WITHIN EUROPE THAT ARE OVER FOUR HOURS IN DURATION. OTHERWISE, ECONOMY CLASS IS REQUIRED. REIMBURSEMENT TO BOARD MEMBERS FOR FIRST CLASS TRAVEL EXPENSES INCURRED WHILE ATTENDING BOARD AND CORPORATE COMMITTEE MEETINGS ON BEHALF OF FINRA, FINRA REGULATION, AND FINRA DISPUTE RESOLUTION IS PERMITTED. TRAVEL FOR COMPANIONS: IN LIEU OF A WEEKEND FLIGHT HOME, A COMPANION MAY FLY TO MEET AN EMPLOYEE ON AN EXTENDED STAY AT HIS OR HER WORK LOCATION. AIRLINE TICKETS FOR WEEKEND COMPANIONS MUST BE FOR DOMESTIC FLIGHTS, AND MUST BE PURCHASED WITH A PERSONAL CREDIT CARD. THE EMPLOYEE WILL RECEIVE REIMBURSEMENT NOT TO EXCEED WHAT THE COST OF A TICKET TO FLY THE EMPLOYEE HOME FOR THE WEEKEND WOULD HAVE BEEN. FINRA WILL NOT REIMBURSE EMPLOYEES FOR COMPANION TRAVEL TO INTERNATIONAL LOCATIONS. THE REIMBURSEMENT AMOUNT WILL BE A TAXABLE FRINGE BENEFIT TO THE EMPLOYEE, AND THE EMPLOYEE IS RESPONSIBLE FOR ALL TAXES. COMPANION WEEKEND TRAVEL MUST BE APPROVED BY THE EMPLOYEE'S DEPARTMENT DIRECTOR AND THE MANAGER OF CORPORATE TRAVEL SERVICES BEFORE THE TRIP. WHEN COMPANIONS ARE INVITED ON BEHALF OF FINRA, FINRA REGULATION, AND FINRA DISPUTE RESOLUTION TO BOARD MEETINGS, THEIR AIRFARE IS REIMBURSABLE. TAX INDEMNIFICATION: GIFTS TO EMPLOYEES ARE CONSIDERED TAXABLE COMPENSATION UNDER THE IRS CODE. THE FAIR MARKET VALUE OF THE GIFT TO THE EMPLOYEE WILL BE INCLUDED AS WAGES ON THE EMPLOYEE'S W-2. IN GENERAL, IT IS FINRA'S PRACTICE TO "GROSS UP," OR ADJUST THE WAGES AND TAXES SO THAT THE TAX EFFECT OF RECEIVING A GIFT IS NEUTRAL TO THE EMPLOYEE. IT IS ALSO FINRA'S PRACTICE TO "GROSS-UP" EMPLOYEE RELOCATION EXPENSES, AS WELL AS FOOD AND LODGING EXPENSES INCURRED AS PART OF THE EXECUTIVE HEALTH PLAN. HEALTH AND CLUB DUES: AS PART OF ITS WELLNESS PROGRAM, FINRA OFFERS SUBSIDIZED GYM MEMBERSHIPS TO EMPLOYEES OF FINRA AND SUBSIDIARIES AT CERTAIN LOCATIONS. ALSO, THE CEO'S CONTRACT PROVIDES FOR UP TO A MAXIMUM AMOUNT OF $20,000 EACH CALENDAR YEAR FOR ADMISSION FEES, DUES AND HOUSE CHARGES OF ONE CLUB IN EACH OF THE NEW YORK CITY AND WASHINGTON, D.C. METROPOLITAN AREAS TO BE USED FOR BUSINESS PURPOSES. EXECUTIVE HEALTH PLAN: THE EXECUTIVE HEALTH PLAN IS AVAILABLE TO FINRA STAFF AT A LEVEL OF EXECUTIVE VICE PRESIDENT AND ABOVE AND OTHER EMPLOYEES AS DESIGNATED BY THE CEO. THE EXECUTIVE HEALTH PLAN COVERS PROCEDURES RELATED TO THE DIAGNOSIS AND PREVENTION OF A MEDICAL CONDITION(S). THE FINRA EXECUTIVE HEALTH PLAN PROVIDES FOR ONE ASSESSMENT PER YEAR. PERSONAL SERVICES: THE CEO'S CONTRACT PROVIDES FOR A CAR AND DRIVER IN BOTH NEW YORK CITY, NEW YORK AND WASHINGTON, D.C. TO BE USED FOR BUSINESS PURPOSES. THESE SERVICES, WHICH ARE USED PRINCIPALLY BY THE CEO, ARE USED BY OTHER FINRA EMPLOYEES FOR BUSINESS PURPOSES WHEN AVAILABLE. THE CEO'S CONTRACT ALSO PROVIDES FOR COSTS INCURRED RELATED TO PERSONAL FINANCIAL AND TAX COUNSELING, UP TO $20,000 PER CALENDAR YEAR, AS WELL AS SPOUSAL TRAVEL FOR CERTAIN BUSINESS-RELATED EVENTS. SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART I, LINES 4A AND 4B 4A) IN CONNECTION WITH RICHARD A. BACHMAN'S SEPARATION FROM FINRA, HE WAS PAID $290,296 IN 2010. IN CONNECTION WITH STEVEN A. JARRETT'S SEPARATION FROM FINRA, HE WAS PAID $28,823 IN 2010. IN CONNECTION WITH JAMES R. ALLEN'S PENDING SEPARATION FROM FINRA, HE WAS PAID $162,050 IN 2010. 4B) FINRA OFFERS TWO NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS. ANNUAL INCREASES IN BENEFIT VALUE, CLIFF VESTING EVENTS, AND PAYOUT DIFFERENTIALS ARE TAXABLE IN THE YEAR IN WHICH THEY OCCUR AND ARE REPORTED IN COLUMN B(iii) OF SCHEDULE J, PART II. UNVESTED BENEFIT AND CONTRIBUTION ACCRUALS ARE TAX DEFERRED AND ARE REPORTED IN COLUMN C OF SCHEDULE J, PART II. 1) FINRA'S SUPPLEMENTAL DEFINED BENEFIT PLAN IS A NON-QUALIFIED DEFINED BENEFIT PLAN THAT IS PROVIDED TO MEMBERS OF A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES SUCH AS THOSE DESCRIBED UNDER 201(2), 301(A)(3), AND 401(A)(1) OF ERISA. IT IS A FINRA FUNDED PLAN THAT VESTS AT SPECIFIED AGE AND SERVICE MILESTONES. THIS PLAN WAS CLOSED TO NEW ENTRANTS AS OF 12/31/05. PARTICIPANTS IN THE NON-QUALIFIED DEFINED BENEFIT PLAN THAT HAD AN INCREMENTAL INCREASE IN PRESENT VALUE OF PARTICIPANT BENEFIT VALUE FROM PRIOR YEAR INCLUDE: T. GRANT CALLERY - $3,122 JAMES J. CUMMINGS - $3,135 STEPHEN LUPARELLO - $62,740 MARC MENCHEL - $256,521 PARTICIPANTS IN THE SUPPLEMENTAL NON-QUALIFIED DEFINED BENEFIT PLAN THAT HAD A GROSS TAXABLE PAYOUT INCLUDE: RICHARD A. BACHMAN - $1,107,737 2) FINRA'S SUPPLEMENTAL DEFINED CONTRIBUTION PLAN IS A NON-QUALIFIED PLAN THAT IS OPEN TO VICE PRESIDENTS AND ABOVE WITH AN ANNUAL BASE PAY ABOVE THE QUALIFIED LIMIT. IT IS ONLY OPEN TO THOSE NOT PARTICIPATING IN THE CLOSED NON-QUALIFIED DEFINED BENEFIT PLAN DESCRIBED ABOVE. IT IS A FINRA FUNDED PLAN WITH A 3 YEAR VESTING CYCLE WITH ANNUAL VESTING BEGINNING AT AGE 62. PARTICIPANTS IN THE SUPPLEMENTAL NON-QUALIFIED DEFINED CONTRIBUTION PLAN WITH CONTRIBUTIONS VESTING IN 2010 INCLUDE: MARCIA E. ASQUITH - $137,929 STEPHEN M. SCHOENEMAN - $174,043 ANGELA A. POSILLICO - $135,404 VOLUNTARY COMPENSATION DISCLOSURES: SETH H. WAUGH AND JAMES D. WEDDLE WERE VOLUNTEER BOARD MEMBERS IN 2010 AND DID NOT RECEIVE COMPENSATION FOR THEIR SERVICES. NYSE EURONEXTNYSE REGULATION SCHEDULE L, PART V 31410926 SCHEDULE L, PART V false BNY CONVERGEX HOLDINGS LLC SCHEDULE L, PART V 12509709 SCHEDULE L, PART V false DEUTSCH BANK AMERICAS SCHEDULE L, PART V 8458579 SCHEDULE L, PART V false PERSHING LLC SCHEDULE L, PART V 5911968 SCHEDULE L, PART V false EDWARD JONES SCHEDULE L, PART V 300973 SCHEDULE L, PART V false LPL FINANCIAL SCHEDULE L, PART V 244313 SCHEDULE L, PART V false STERNE AGEE LEACH INC SCHEDULE L, PART V 155700 SCHEDULE L, PART V false MEGAN E PELUSO SCHEDULE L, PART V 79887 SCHEDULE L, PART V false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS FORM 990, SCHEDULE L, PART V FINRA'S BYLAWS DO NOT CLASSIFY DIRECTORS AS INDEPENDENT OR NOT INDEPENDENT. AS A SELF-REGULATORY ORGANIZATION, BOARD MEMBERS ARE CLASSIFIED AS "PUBLIC" OR "INDUSTRY" AND A MAJORITY OF THE BOARD MUST ALWAYS MEET THE "PUBLIC" DEFINITION. ADDITIONALLY, ANY TRANSACTIONS WITH COMPANIES THAT EMPLOY A BOARD MEMBER, OR FOR WHICH A BOARD MEMBER MAY SERVE AS A MEMBER OF ITS DIRECTORATE, INCLUDING THOSE LISTED BELOW, WERE CONDUCTED IN THE ORDINARY COURSE OF BUSINESS AND DO NOT REFLECT SPECIAL ARRANGEMENTS BETWEEN INTERESTED PARTIES. HOWEVER, THE IRS DEFINITION OF AN INDEPENDENT VOTING MEMBER OF A GOVERNING BODY IS SPECIFIC TO THE FORM 990, AND APPLIES A CIRCUMSTANCES-BASED APPROACH FOCUSING ON COMPENSATION AS AN EMPLOYEE, COMPENSATION AS AN INDEPENDENT CONTRACTOR (EXCLUSIVE OF REASONABLE COMPENSATION FOR SERVING ON THE BOARD), AND A DOLLAR THRESHOLD FOR PAYMENTS MADE TO OR RECEIVED FROM ANOTHER ORGANIZATION IN THE ORDINARY COURSE OF BUSINESS. PLEASE SEE PAGE 19 OF THE 2010 FORM 990 INSTRUCTIONS FOR THE COMPLETE IRS DEFINITION. ELLYN L. BROWN IS A MEMBER OF THE BOARDS OF NYSE EURONEXT AND NYSE REGULATION, AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. FINRA PAID NYSE RELATED ORGANIZATIONS $28,473,734 FOR OCCUPANCY AND COMMUNICATION SERVICES, AND $2,937,192 FOR CERTAIN PASS-THROUGH FEES COLLECTED BY FINRA AND REMITTED TO NYSE REGULATION, INC. RICHARD F. BRUECKNER IS A MEMBER OF THE BOARD OF MANAGERS OF BNY CONVERGEX HOLDINGS LLC AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. BNY CONVERGEX GROUP PAID FINRA $12,509,709 FOR TRANSACTION AND REPORTING FEES. RICHARD F. BRUECKNER IS THE CHAIRMAN (& CEO THROUGH OCTOBER 2010) OF PERSHING LLC AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. PERSHING LLC PAID FINRA $5,911,968 FOR TRANSACTION AND REPORTING FEES. MARK S. CASADY IS THE CHAIRMAN AND CEO OF LPL FINANCIAL AND JOHN J. BRENNAN IS A DIRECTOR OF LPL FINANCIAL AND BOTH SERVE AS MEMBERS OF THE FINRA BOARD OF GOVERNORS. LPL FINANCIAL PAID FINRA $244,313 FOR TRANSACTION AND REPORTING FEES. JAMES F. DUFFY WAS INTERIM CEO AND A MEMBER OF THE BOARD OF THE NYSE REGULATION, INC., AND DURING 2010 WAS A MEMBER OF THE FINRA BOARD OF GOVERNORS. FINRA PAID THE NYSE RELATED ORGANIZATIONS $28,473,734 FOR OCCUPANCY AND COMMUNICATION SERVICES, AND $2,937,192 FOR CERTAIN PASS-THROUGH FEES COLLECTED BY FINRA AND REMITTED TO NYSE REGULATION. W. DENNIS FERGUSON IS THE DIRECTOR OF CLEARING FOR STERNE, AGEE & LEACH, INC. AND IS A MEMBER OF THE FINRA BOARD OF GOVERNORS. STERNE, AGEE & LEACH, INC. PAID FINRA $155,700 FOR TRANSACTION AND REPORTING FEES. DR. SHIRLEY ANN JACKSON IS CHAIRMAN OF THE BOARD OF NYSE REGULATION, INC., WAS A MEMBER OF THE BOARD OF NYSE EURONEXT DURING 2010, AND IS A MEMBER OF THE FINRA BOARD OF GOVERNORS. FINRA PAID NYSE RELATED ORGANIZATIONS $28,473,734 FOR OCCUPANCY AND COMMUNICATION SERVICES, AND $2,937,192 FOR CERTAIN PASS-THROUGH FEES COLLECTED BY FINRA AND REMITTED TO NYSE REGULATION. RICHARD S. PECHTER IS A MEMBER OF THE BOARD OF NYSE REGULATION, INC., AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. FINRA PAID THE NYSE RELATED ORGANIZATIONS $28,473,734 FOR OCCUPANCY AND COMMUNICATION SERVICES, AND $2,937,192 FOR CERTAIN PASS-THROUGH FEES COLLECTED BY FINRA AND REMITTED TO NYSE REGULATION. MEGAN E. PELUSO IS AN EMPLOYEE OF FINRA AND IS THE DAUGHTER OF T. GRANT CALLERY, EVP AND GENERAL COUNSEL OF FINRA. FINRA PAID MS. PELUSO ANNUAL COMPENSATION OF $79,887. JOHN W. SCHMIDLIN IS A MEMBER OF THE BOARD OF NYSE REGULATION, INC., AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. FINRA PAID THE NYSE RELATED ORGANIZATIONS $28,473,734 FOR OCCUPANCY AND COMMUNICATION SERVICES, AND $2,937,192 FOR CERTAIN PASS-THROUGH FEES COLLECTED BY FINRA AND REMITTED TO NYSE REGULATION. KURT P. STOCKER IS A MEMBER OF THE BOARD OF NYSE REGULATION, INC., AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. FINRA PAID THE NYSE RELATED ORGANIZATIONS $28,473,734 FOR OCCUPANCY AND COMMUNICATION SERVICES, AND $2,937,192 FOR CERTAIN PASS-THROUGH FEES COLLECTED BY FINRA AND REMITTED TO NYSE REGULATION. SETH H. WAUGH IS CEO OF DEUTSCHE BANK AMERICAS AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. DEUTSCHE BANK AMERICAS PAID FINRA $8,458,579 FOR TRANSACTION AND REPORTING FEES. JAMES D. WEDDLE IS MANAGING PARTNER OF EDWARD JONES AND A MEMBER OF THE FINRA BOARD OF GOVERNORS. EDWARD JONES PAID FINRA $300,973 FOR TRANSACTION AND REPORTING FEES. VOLUNTARY DISCLOSURE FOR FINANCIAL INFORMATION THE FINANCIAL INFORMATION INCLUDED IN THE FORM 990 IS PRESENTED ON A STAND-ALONE BASIS WITH ALL SIGNIFICANT INTERCOMPANY RECEIVABLE AND PAYABLE AMOUNTS ELIMINATED AND DOES NOT REPRESENT THE CONSOLIDATED RESULTS FOR FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. (FINRA) AND ITS SUBSIDIARIES. THE 2010 FORM 990 SHOULD BE READ IN CONNECTION WITH THE 2010 FINRA ANNUAL FINANCIAL REPORT WHICH IS AVAILABLE ON WWW.FINRA.ORG. SEE ALSO SEPARATE 2010 FORM 990S FOR RELATED ENTITIES, INCLUDING FINRA DISPUTE RESOLUTION, INC., FINRA REGULATION, INC., AND FINRA INVESTOR EDUCATION FOUNDATION. DESCRIPTION OF PROGRAM SERVICES FORM 990, PART III, LINE 4 FINRA AND ITS RELATED ENTITIES TOUCH VIRTUALLY EVERY ASPECT OF THE SECURITIES BUSINESS - FROM REGISTERING AND EDUCATING INDUSTRY PARTICIPANTS TO EXAMINING SECURITIES FIRMS; WRITING RULES; ENFORCING THOSE RULES AND THE FEDERAL SECURITIES LAWS; INFORMING AND EDUCATING THE INVESTING PUBLIC; PROVIDING TRADE REPORTING AND OTHER INDUSTRY UTILITIES; AND ADMINISTERING THE LARGEST DISPUTE RESOLUTION FORUM FOR INVESTORS AND REGISTERED FIRMS. BUSINESS AND FAMILY RELATIONSHIPS FORM 990, PART VI, LINE 2 BOARD MEMBERS RICHARD F. BRUECKNER AND DUNCAN F. WILLIAMS HAD A BUSINESS RELATIONSHIP DURING 2010. MR. BRUECKNER IS CHAIRMAN (& CEO THROUGH OCTOBER 2010) OF PERSHING LLC, WHICH PERFORMS CLEARING SERVICES FOR DUNCAN-WILLIAMS, INC. FOR WHICH MR. WILLIAMS SERVES AS PRESIDENT. BOARD MEMBER RICHARD F. BRUECKNER HAD A BUSINESS RELATIONSHIP DURING 2010 WITH JOHN J. BRENNAN AND MARK S. CASADY. MR. BRUECKNER IS CHAIRMAN (& CEO THROUGH OCTOBER 2010) OF PERSHING LLC, WHICH PERFORMS CLEARING SERVICES FOR BROKER-DEALERS WITHIN LPL FINANCIAL, OF WHICH MR. BRENNAN IS A BOARD MEMBER AND MR. CASADY IS CHAIRMAN AND CEO. BOARD MEMBERS WILLIAM H. HEYMAN AND RICHARD F. BRUECKNER HAD A BUSINESS RELATIONSHIP DURING 2010. MR. BRUECKNER IS A MEMBER OF THE EXECUTIVE COMMITTEE OF BNY MELLON, WHICH IS A MEMBER OF THE TRAVELERS' BANK LENDING SYNDICATE AND PROVIDES CUSTODIAL SERVICES TO THE TRAVELERS COMPANIES. MR. HEYMAN IS VICE CHAIRMAN AND CHIEF INVESTMENT OFFICER OF THE TRAVELERS COMPANIES, WHICH ALSO DOES BUSINESS WITH THE FIXED INCOME DEALER DESK OF BNY MELLON. BOARD MEMBERS WILLIAM H. HEYMAN AND SETH H. WAUGH HAD A BUSINESS RELATIONSHIP DURING 2010. MR. WAUGH IS CEO OF DEUTSCHE BANK AMERICAS, WHICH IS A MEMBER OF THE TRAVELERS' BANK LENDING SYNDICATE. MR. HEYMAN IS VICE CHAIRMAN AND CHIEF INVESTMENT OFFICER OF THE TRAVELERS COMPANIES, WHICH ALSO DOES BUSINESS WITH THE FIXED INCOME DEALER DESK OF DEUTSCHE BANK. BOARD MEMBERS RICHARD F. BRUECKNER AND SETH W. WAUGH HAD A BUSINESS RELATIONSHIP IN 2010. MR. BRUECKNER IS CHAIRMAN (& CEO THROUGH OCTOBER 2010) OF PERSHING LLC, WHICH PERFORMS CLEARING SERVICES FOR DEUTSCHE BANK AMERICAS, FOR WHICH MR. WAUGH SERVES AS CEO. BOARD MEMBERS RICHARD F. BRUECKNER AND W. DENNIS FERGUSON HAD A BUSINESS RELATIONSHIP IN 2010. MR. BRUECKNER IS CHAIRMAN (& CEO THROUGH OCTOBER 2010) OF PERSHING LLC, WHICH DOES BUSINESS WITH STERNE AGEE CLEARING, FOR WHICH MR. FERGUSON SERVES AS PRESIDENT. BOARD MEMBERS RICHARD F. BRUECKNER AND JAMES D. WEDDLE HAD A BUSINESS RELATIONSHIP DURING 2010. MR. BRUECKNER IS A MEMBER OF THE EXECUTIVE COMMITTEE OF BNY MELLON, WHICH PROVIDES CUSTODIAL SERVICES FOR EDWARD JONES, OF WHICH MR. WEDDLE IS THE MANAGING PARTNER. JOHN J. BRENNAN AND MARK S. CASADY HAD A BUSINESS RELATIONSHIP DURING 2010 AS MR. CASADY IS CHAIRMAN AND CEO OF LPL FINANCIAL AND MR. BRENNAN SERVES AS A BOARD MEMBER. JOHN J. BRENNAN AND ELLYN L. BROWN HAD A BUSINESS RELATIONSHIP DURING 2010 AS THEY SERVE TOGETHER AS TRUSTEES OF THE FINANCIAL ACCOUNTING FOUNDATION. STEPHEN LUPARELLO AND GARY H. STERN HAD A BUSINESS RELATIONSHIP DURING 2010 AS THEY SERVE TOGETHER ON THE BOARD OF DEPOSITORY TRUST CLEARING CORPORATION. THE FOLLOWING BOARD MEMBERS ALSO SERVED TOGETHER AS MEMBERS OF THE BOARD OF NYSE REGULATION, INC. DURING 2010: JAMES F. DUFFY (ALSO INTERIM CEO OF NYSE REGULATION, INC. THROUGH JULY 2010) ELLYN L. BROWN (ALSO NYSE EURONEXT) DR. SHIRLEY ANN JACKSON (ALSO NYSE EURONEXT) RICHARD S. PECHTER JOHN W. SCHMIDLIN KURT P. STOCKER DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 FINRA IS ORGANIZED AS A NONSTOCK, NOT-FOR-PROFIT, MEMBERSHIP CORPORATION. NO REVENUES OR EARNINGS MAY BE USED FOR THE BENEFIT OF ANY INDIVIDUAL OR MEMBER. ANY REGISTERED BROKER, DEALER, MUNICIPAL SECURITIES BROKER OR DEALER, OR GOVERNMENT SECURITIES BROKER OR DEALER IS ELIGIBLE FOR MEMBERSHIP IN THE CORPORATION, EXCEPT FOR THOSE WHO FAIL OR CEASE TO SATISFY THE CORPORATION'S QUALIFICATION REQUIREMENTS, OR BECOMES DISQUALIFIED, OR FAILS TO FILE CERTAIN FORMS AS THE CORPORATION PRESCRIBES. THE MEMBERS OF THE CORPORATION GENERALLY HAVE NO VOTING RIGHTS, OTHER THAN TO VOTE ON (1) AMENDMENTS TO THE BY-LAWS OF THE CORPORATION, (2) BUSINESS RAISED DURING THE ANNUAL OR SPECIAL MEETINGS OF MEMBERS, (3) THE ELECTION OF THE SMALL FIRM, MID-SIZED FIRM AND LARGE FIRM GOVERNORS, OR (4) OTHERWISE PROVIDED BY THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE OR FINRA'S RESTATED CERTIFICATE OF INCORPORATION. SMALL FIRM MEMBERS (ANY BROKER OR DEALER ADMITTED TO MEMBERSHIP IN THE CORPORATION WHICH, AT THE TIME OF DETERMINATION, HAS AT LEAST 1 AND NO MORE THAN 150 REGISTERED PERSONS) ARE ENTITLED TO VOTE FOR THE ELECTION OF THE THREE SMALL FIRM GOVERNORS, MID-SIZE FIRM MEMBERS (AT LEAST 151 AND NO MORE THAN 499 REGISTERED PERSONS) ARE ENTITLED TO VOTE FOR THE ELECTION OF THE SINGLE MID-SIZE FIRM GOVERNOR, AND LARGE FIRM MEMBERS (500 OR MORE REGISTERED PERSONS) ARE ENTITLED TO VOTE FOR THE ELECTION OF THE THREE LARGE FIRM GOVERNORS. DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS FORM 990, PART VI, LINE 7A SMALL FIRM MEMBERS ARE ENTITLED TO VOTE FOR THE ELECTION OF SMALL FIRM GOVERNORS, MID-SIZE FIRM MEMBERS ARE ENTITLED TO VOTE FOR THE ELECTION OF MID-SIZE FIRM GOVERNORS, LARGE FIRM MEMBERS ARE ENTITLED TO VOTE FOR THE ELECTION OF LARGE FIRM GOVERNORS, IN ACCORDANCE WITH THE PROCEDURES FOR SUCH A VOTE AS PROVIDED IN THE CORPORATION'S BY-LAWS. CLASSES OF PERSONS, DECISIONS REQUIRING APPROVAL & TYPE OF VOTING RIGHTS FORM 990, PART VI, LINE 7B THE CORPORATION'S MEMBERS ARE ENTITLED TO VOTE ON ANY AMENDMENT TO THE BY-LAWS OF THE CORPORATION, IN ACCORDANCE WITH THE PROCEDURES FOR SUCH A VOTE AS PROVIDED IN THE CORPORATION'S BY-LAWS. PROCESS USED TO REVIEW FORM 990 FORM 990, PART VI, LINE 11 THE FORM 990 WAS REVIEWED BY SENIOR MANAGEMENT AT VARIOUS STEPS THROUGHOUT THE PREPARATION CYCLE. THE AUDIT AND MANAGEMENT COMPENSATION COMMITTEES REVIEWED AND APPROVED THE ORGANIZATION'S 2010 FORM 990 ON SEPTEMBER 21, 2011. THE BOARD WAS PROVIDED ACCESS TO THE FINAL FORM 990 FOR REVIEW (VIA A WEBSITE FOR BOARD MEMBERS ONLY) PRIOR TO FILING. ENFORCEMENT OF CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE ORGANIZATION HAS WRITTEN CONFLICT OF INTEREST POLICIES FOR BOARD MEMBERS AND EMPLOYEES. THE WRITTEN CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS REQUIRES INITIAL DISCLOSURE OF INTERESTS THAT COULD GIVE RISE TO CONFLICTS AS WELL AS ANNUAL DISCLOSURE BY THE SAME BOARD MEMBERS. ADDITIONALLY, THE WRITTEN POLICY CONTAINS AN ONGOING OBLIGATION OF BOARD MEMBERS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. EMPLOYEES ARE REQUIRED TO CERTIFY ANNUALLY AS TO THEIR COMPLIANCE WITH THE WRITTEN POLICY. THE WRITTEN POLICY CONTAINS AN ONGOING OBLIGATION FOR EMPLOYEES TO INFORM FINRA OF ALL BROKERAGE ACCOUNTS IN WHICH THEY HAVE AN INTEREST AND TO ARRANGE FOR FINRA TO RECEIVE DUPLICATE ACCOUNT STATEMENTS. FINRA REVIEWS TRANSACTIONS IN EMPLOYEES' BROKERAGE ACCOUNTS TO ENSURE COMPLIANCE WITH FINRA'S INVESTMENT RESTRICTIONS. AMONG OTHER THINGS, THESE RESTRICTIONS PROHIBIT EMPLOYEES FROM HAVING AN INTEREST IN A BROKER-DEALER OR ENTITY THAT DERIVES 10% OR MORE OF ITS REVENUE, NET OF INTEREST EXPENSE, FROM BROKER-DEALER SUBSIDIARIES OR AFFILIATES. A LIST OF PROHIBITED COMPANIES IS POSTED ON FINRA'S CORPORATE INTRANET. FINRA'S DEPARTMENT HEADS HAVE ACCESS TO SEVERAL ONLINE REPORTS THAT HELP THEM AVOID ASSIGNING AN EMPLOYEE TO WORK ON A PROJECT THAT WOULD GIVE RISE TO A CONFLICT. FOR INSTANCE, A MANAGER CAN DETERMINE WHETHER AN EMPLOYEE'S STOCK HOLDINGS WOULD CONFLICT WITH A PROPOSED FINRA ASSIGNMENT (E.G., ASSIGNING AN EMPLOYEE TO NEGOTIATE A CONTRACT WITH A VENDOR IN WHICH THE EMPLOYEE HAS A SIGNIFICANT STOCK POSITION). EMPLOYEES ARE REGULARLY REMINDED OF THE RESOURCES THAT ARE AVAILABLE WHEN THEY ARE UNSURE WHAT TO DO. IN ADDITION TO TALKING TO DEPARTMENTAL MANAGEMENT, EMPLOYEES CAN DISCUSS CONFLICT-RELATED CONCERNS WITH FINRA'S OFFICE OF GENERAL COUNSEL OR ETHICS MANAGER. IF THEY ARE UNCOMFORTABLE DISCLOSING AN ISSUE AND DISCLOSING THEIR IDENTITY, THEY CAN USE FINRA'S 24-HOUR ETHICSPOINT HOTLINE TO POSE QUESTIONS OR REPORT CONCERNS. COMMUNICATIONS MADE THROUGH ETHICSPOINT ARE CONFIDENTIAL AND, IF THE EMPLOYEE WISHES, ANONYMOUS. FINRA'S WHISTLEBLOWER POLICY FORBIDS RETALIATION AGAINST EMPLOYEES WHO REPORT SUSPECTED MISCONDUCT IN GOOD FAITH, EVEN IF THE REPORT ULTIMATELY PROVES TO BE ERRONEOUS. PROCESS TO DETERMINE COMPENSATION OF TOP OFFICIALS, OFFICERS & KEY EMP. FORM 990, PART VI, LINES 15A AND 15B THE MANAGEMENT COMPENSATION COMMITTEE OF THE BOARD OF GOVERNORS (THE "COMPENSATION COMMITTEE") IS RESPONSIBLE FOR SETTING PAY FOR EXECUTIVES OF FINRA AND SUBSIDIARIES WHOSE TOTAL COMPENSATION, INCLUDING INCENTIVE COMPENSATION, MAY EXCEED $1 MILLION. THE COMMITTEE IS COMPRISED OF FOUR NON-EMPLOYEE, NON-SECURITIES INDUSTRY MEMBERS OF THE BOARD OF GOVERNORS. THE COMMITTEE MET ON NOVEMBER 18, 2009, JANUARY 27, 2010, AND AGAIN ON FEBRUARY 9, 2010 TO ESTABLISH INCENTIVE COMPENSATION ATTRIBUTABLE TO THE PERFORMANCE OF SERVICES DURING CALENDAR YEAR 2009 AND TO ESTABLISH BASE SALARIES FOR CALENDAR YEAR 2010. THE COMMITTEE ENGAGED MERCER, INC. ("MERCER"), A THIRD-PARTY COMPENSATION CONSULTANT, TO PREPARE A COMPENSATION STUDY FOR REVIEW AT THESE MEETINGS. THE COMPENSATION STUDY INCLUDED THE COMPENSATION LEVELS DURING 2009 FOR ALL OF THE EXECUTIVES UNDER CONSIDERATION AS WELL AS COMPETITIVE COMPENSATION INFORMATION FOR EXECUTIVES EMPLOYED BY A MIX OF PUBLIC AND PRIVATE FINANCIAL INSTITUTIONS, INCLUDING BROKERAGE/BANKING FIRMS, SECURITIES EXCHANGES AND REGULATORS, THAT MERCER BELIEVED TO BE APPROPRIATE FOR COMPARISON PURPOSES TO FINRA. THE COMMITTEE'S MINUTES OF THE NOVEMBER 18, 2009, JANUARY 27, 2010 AND FEBRUARY 9, 2010 MEETINGS WERE REVIEWED AND APPROVED AS ACCURATE AND COMPLETE FOLLOWING THE COMMITTEE'S APPROVAL OF THE SENIOR EXECUTIVE COMPENSATION PACKAGES. THE FULL BOARD FURTHER APPROVED THE 2009 INCENTIVE COMPENSATION OF THE CEO AT ITS TELEPHONIC MEETING ON FEBRUARY 10, 2010. ALL COMPENSATION COMMITTEE MEMBERS VOTED FOR THE PROPOSED LEVEL OF EXECUTIVE COMPENSATION. AVAILABILITY OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS FORM 990, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND THE FINRA CONSOLIDATED AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ESTIMATED AVERAGE HOURS PER WEEK FORM 990, PART VII, COLUMN B - ESTIMATED AVERAGE PER WEEK THE OFFICERS / KEY EMPLOYEES LISTED IN FORM 990, PART VII, DEVOTE AN AVERAGE TOTAL OF 60 HOURS PER WEEK TO THE FILING ORGANIZATION AND ANY OR ALL OF THE FOLLOWING RELATED ORGANIZATIONS: FINRA REGULATION, INC., FINRA DISPUTE RESOLUTION, INC. AND FINRA INVESTOR EDUCATION FOUNDATION. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES PRIMARILY RELATE TO ANY OR ALL OF THE FOLLOWING: CHANGES IN NET INCOME/(LOSS), UNRECOGNIZED EMPLOYEE BENEFIT PLAN AMOUNTS AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS. FOR ADDITIONAL INFORMATION PLEASE SEE THE 2010 FINRA ANNUAL FINANCIAL REPORT WHICH IS AVAILABLE ON WWW.FINRA.ORG. SECURITIES DEALERS AGENCY LLC INSURANCE DE NA NASD INST FOR PROFESSIONAL DEVELOPMENT EDUCATION DE NA FINRA REGULATION INC 1735 K STREET NW WASHINGTON DC 200061506 521959501 REGULATION DE 501(C)(6) N/A FINRA FINRA DISPUTE RESOLUTION INC 1735 K STREET NW WASHINGTON DC 200061506 522187577 ARBITRATION DE 501(C)(6) N/A FINRA FINRA INVESTOR EDUCATION FOUNDATION 1735 K STREET NW WASHINGTON DC 200061506 200863779 EDUCATION DE 501(C)(4) N/A FINRA NEW NASD HOLDING INC 1735 K STREET NW WASHINGTON DC 200061506 522307595 HOLDING COMPANY DE NA C CORP 1.00000 SECURITIES DEALERS RISK PURCHASING GROUP 1735 K STREET NW WASHINGTON DC 200061506 521953595 PURCHASE INSURANC DE NA C CORP 1.00000 NATIONAL CLEARING CORPORATION 1735 K STREET NW WASHINGTON DC 200061506 131971649 INACTIVE DE NA C CORP 1.00000 SECURITIES DEALERS INSURANCE CO VICTORIA HALL 11 VICTORIA STREET HM 11 HAMILTON BD INSURANCE BD N/A C CORP 1.00000 FINRA LIMITED 35 NEW BROAD STREET LONDON UK EC2MNH EDUCATIONAL UK NA C CORP 1.00000 false false false false false false false false false false false false false true true true false false FINRA INVESTOR EDUCATION FOUNDATION N 3322067 FINRA INVESTOR EDUCATION FOUNDATION P 105041 FINRA REGULATION INC O 274976883 FINRA REGULATION INC P 26974847 FINRA DISPUTE RESOLUTION INC O 686363 FINRA DISPUTE RESOLUTION INC P 903447