Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Regulation and Compliance > Federal Regulation > FINRA

FINRA Fines

By thinkadvisor

X
Your article was successfully shared with the contacts you provided.

Fines imposed by the Financial Industry Regulatory Authority in 2014 are poised to far outpace those reported by the regulator in 2013, according to an analysis released Aug. 1 by the law firm Sutherland Asbill & Brennan.

FINRA assessed $42.4 million in fines in the first half of 2014, compared with $23 million during the first half of 2013.

Sutherland gleaned the fine data from FINRA’s monthly “Disciplinary and Other FINRA Actions” publications. FINRA reported fining broker-dealers and associated persons $57 million in 2013.

If FINRA continues to assess fines in 2014 at the current rate, Sutherland said that 2014′s fines will represent a 49% increase from the total fines reported by FINRA in 2013 to an estimated $85 million in 2014. “That figure would represent the highest amount of fines reported by FINRA since the financial crisis,” according to Sutherland’s analysis, and the most fines reported by FINRA since 2006 ($111 million).

—Melanie Waddell

thinkadvisor

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.