FINRA Goes Quiet as Its Caseload Plunges

What You Need To Know

• Total fines are down by about half since a peak in 2016, though FINRA's headcount and budget have expanded.
• Last year, it issued press releases on just 10 of 426 enforcement actions, compared with 63 in 2015.
• These trends are raising the question: Will the watchdog catch the industry's next big fraud?