What You Need to Know
- FINRA issued $90.1 million in fines in 2021, a big jump from the $57 million levied in 2020
- Some of the fine money was used to enhanced BrokerCheck, the Fund Analyzer and to create new, virtual events.
The Financial Industry Regulatory Authority issued $90.1 million in fines in 2021, a significant jump from the $57 million levied in 2020.
The broker-dealer self-regulator allocated $9 million to enhance the tools and systems used for exams, investigations and disciplinary programs, it said in a report.
In 2021, FINRA invested $11.4 million to modernize and enhance the systems and tools supporting enforcement investigations and disposition processes.
FINRA also invested $6.3 million to enhance the technology that supports the platform FINRA examiners and risk monitoring analysts use to manage their work efficiently.