FINRA Fines, Actions Sped Up In 2009: Report

Law360, New York (July 8, 2010, 5:50 PM EDT) -- Fines assessed by the Financial Industry Regulatory Authority nearly doubled in 2009 over the previous year, and disciplinary actions began creeping back to levels seen before a sharp drop in 2008, according to a new Sutherland Asbill & Brennan LLP report.

FINRA fined individuals and firms $50 million in 2009, up from $28 million in 2008, while disciplinary actions increased slightly to 1,090, up from 1,007 in the prior year, according to an analysis of the regulator's annual review that the firm released Wednesday.

FINRA imposed...
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