Compliance Glossary

The Compliance Glossary for Financial Firms

Plain-language definitions of the FINRA and SEC rules that govern supervision, marketing, advertising, and recordkeeping — written for compliance teams at RIAs and broker-dealers.

A compliance glossary is a reference that defines the rules and terminology governing a financial firm's regulatory obligations. This glossary explains the core FINRA and SEC requirements — supervision, marketing and advertising, and books-and-records — in clear terms, with links to the primary rule text and practical checklists for RIAs and broker-dealers.

Compliance rules are written for lawyers; the daily work of following them falls to operations and compliance teams. Each entry below distills a rule to its plain meaning, its core requirements, and what firms actually have to do — then links to the official source so you can verify every claim.

Featured entries
FINRA Rule 3110
The supervision rule: every broker-dealer must maintain a supervisory system and written supervisory procedures reasonably designed to achieve compliance.
Supervision
SEC Marketing Rule
Rule 206(4)-1 governs how registered investment advisers advertise — including testimonials, endorsements, third-party ratings, and performance.
Marketing & Advertising
Compliant Archiving
Retaining business email, text, and chat in preserved, tamper-evident, retrievable form under SEC Rule 17a-4 and FINRA Rule 4511.
Recordkeeping

How this glossary is organized

Entries are grouped by the compliance function they support. Every entry follows the same structure: a short plain-language definition first, then the rule's core requirements, a practical checklist or table, a set of frequently asked questions, and citations to the primary source at sec.gov or finra.org.

FunctionPrimary rulesWho it applies to
SupervisionFINRA Rule 3110Broker-dealers
Marketing & advertisingSEC Rule 206(4)-1Registered investment advisers
Recordkeeping & archivingSEC Rules 17a-3 & 17a-4; FINRA Rules 4511, 3110(b)(4)Broker-dealers & RIAs
A note on accuracy
Regulations change. These entries summarize rules as a starting point for understanding, not as legal advice. Always confirm the current requirement against the official rule text linked in each entry, and consult qualified compliance counsel for firm-specific decisions.

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