The NASD collected roughly half the amount of fines in 2006 compared to 2005, taking in $84.9 million in 2006, compared to $134.3 million in 2005, according to its annual report. The NASD issued another $75 million in fines in 2006, compared to $148.5 million in 2005.

The number of disciplinary actions also slipped, going from 1,447 in 2005 to 1,344 in 2006, a 7% decrease. In 2006, the NASD started 1,204 new investigations into disciplinary actions, down 14% from 1,399 in 2005.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.