FINRA Case Load is Down but Fines are Up

Representing Investors Nationwide

Over 135 million dollars in regulatory fines were issued by the Financial Industry Regulatory Authority (FINRA) in 2014, more than twice the amount of fines the self regulatory organization (SRO) handed down in 2013.  As surprising, this increase came at a time when there was nearly a 10 percent drop in the total number of FINRA enforcement cases. Observers believe FINRA is trying to send a message to those firms and individuals it regulates who run afoul of the organizations rules. 

According to a report issued on Thursday, the most common enforcement actions focused on research reports, advertising, best execution, anti-money laundering and trade reporting. The report also noted the number of large fines jumped substantially from the previous year while suitability cases continued to decrease.

The attorneys at Colling Gilbert Wright & Carter have filed and litigated hundreds of FINRA arbitration claims, recovering millions of dollars on behalf of investors. If you have lost money resulting from the actions of a FINRA registered broker or broker dealer, contact the experienced securities fraud attorney at Colling Gilbert Wright & Carter for a free case evaluation.