Financial Regulatory Bodies
What are regulatory bodies?
The role of financial regulatory bodies or agencies is to control the financial markets by making the regulations and to see that the those are followed by the financial companies. These regulations are meant to have proper processes for smooth running and to avoid the scams and unethical practices to protect the investors. These regulatory agencies are country or economic zone dependent and could be governmental or independent. To protect the investments it is important to check whether the regulatory status of the broker in your country.