The NASD intensified its regulatory focus on sales of mutual funds, variable annuities and 529 college savings plans in 2005, and did so by increasing its enforcement actions. In 2005 the NASD set records as 1,412 enforcement actions were brought forth, 1,296 of which were resolved. Of the enforcement actions brought forth this year, 400 were mutual fund-related.

A total of $125.4 million was collected in fines this year compared with $103.9 million last year and $33.3 million in 2003, according to the NASD.

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