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FINRA Fines Dropped 55% In 2008

Law360 (June 3, 2009, 12:00 AM EDT) -- The U.S.' largest independent securities regulator saw a dramatic decrease in fines and brought fewer disciplinary actions against firms and individuals in 2008 than it has in previous years, according to a new Sutherland Asbill & Brennan LLP report.

The Financial Industry Regulatory Authority in 2008 imposed approximately $35 million in fines, a 55 percent decline from the $77.6 million imposed in 2007, according to a white paper released Wednesday by Sutherland Asbill. Those fines peaked in 2005, when they reached $184 million.

The number of...
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