WASHINGTON The Financial Industry Regulatory Authority assessed financial firms and individuals $68 million in fines in 2012 and ordered them to pay a record $34 million in restitution to investors, the self-regulator announced Tuesday.
The agency brought 1,541 disciplinary actions during the year, up from 1,488 last year, and referred nearly 700 cases of potential fraud to the Securities and Exchange Commission or other law enforcement agencies, FINRA said in a release.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access