In 2012, the Financial Industry Regulatory Authority filed slightly more disciplinary actions than in 2011 and “assessed a double-digit increase in fines,” Sutherland Asbill & Brennan LLP announced March 13 based on its annual review.
According to Sutherland’s analysis, authored by Deborah G. Heilizer, Brian L. Rubin, and Andrew M. McCormick, FINRA filed 1,541 disciplinary actions in 2012—an increase of 3.6 percent from 1,488 cases 2011—and imposed $78.2 million in fines—a nearly 15 percent increase from $68 million in 2011.
Last year was the fourth consecutive year of increases in FINRA disciplinary actions.
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