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FINRA’s 5 Biggest Fine Categories in 2016

ThinkAdvisor reports: Fines ordered by FINRA in 2016 shattered the self-regulator’s previous record from 2014, Eversheds Sutherland found

Fines ordered by the Financial Industry Regulatory Authority in 2016 shattered the self-regulator’s previous record in 2014 – jumping to a record high of $176 million, an 87% increase from the $94 million reported in 2015 and a 31% jump from the former record of $134 million reported in 2014.

Five Largest Categories:

  1. Anti-money laundering (AML)
  2. Variable annuities
  3. Trade reporting
  4. Books & Records
  5. Unregistered Securities

Read the full article on ThinkAdvisor