FINRA Cracks The Whip With 50% Jump In Fines

Law360, New York (March 12, 2012, 4:10 PM EDT) -- The Financial Industry Regulatory Authority is bumping up enforcement in the wake of the financial crisis, significantly increasing disciplinary actions 13 percent and raising fines 51 percent in 2011 in a trend that could continue in the next year, according to a study released Monday.

FINRA filed 1,488 disciplinary actions in 2011 after initiating 1,310 in 2010, marking a third straight year of growth, Sutherland Asbill & Brennan LLP's annual FINRA Sanctions Survey revealed. The last year also saw a major increase in the number of...
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