FINRA is Financial Industry Regulatory Authority. FINRA is the largest self-regulatory organization for the securities industry in the United States. FINRA has primary responsibility for the regulation of NASDAQ and the over-the-counter securities markets.
DEPTH OF MARKET is the number of shares of a security that can be bought or sold at the bid and ask prices near the inside market without causing a dramatic change in price.
VALIDATE is to a. declare or make legally valid; b. mark with an indication of official sanction; or, c. to establish the soundness of; corroborate.
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