Wednesday, March 13, 2013
Sutherland Asbil & Brennan has released the findings of its annual FINRA Sanctions Survey, a review of FINRA disciplinary actions. FINRA filed 1488 disciplinary actions in 2011, up from the 1310 cases in 2010. The number of individuals barred by FINRA increased significantly, from 288 in 2010 to 329 in 2011. Fines increased from $45 million in 2010 to $68 million in 2011. The report identifies as top enforcment issues: advertising, short selling, auction rate securities, suitability, and improper form.