FINRA Sanctions On Rise As Fines Drop, Study Says

Law360, New York (March 1, 2011, 4:50 PM EST) -- The Financial Industry Regulatory Authority is bumping up the number of disciplinary actions it issues even as it fines firms and broker-dealers less money overall, according to a survey released Monday.

FINRA's disciplinary actions shot up by 13 percent in 2010 to 1,130, compared to 1,158 in 2009, according to the results of an annual study by Sutherland Asbill & Brennan LLP.

That was a reverse of the slowdown in disciplinary actions filed between 2006 and 2008, when there were about 1,200 or fewer filed each...
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