FINRA slammed registered reps and their firms with hefty fines in 2014, the stiffest they've seen since the financial crisis, according to an analysis by law firm Sutherland Asbill & Brennan.

In 2014, the regulator meted out roughly $135 million in fines, more than double the $60 million assessed in 2013 and more than four times the $28 million assessed in 2008.  The fines were for violations ranging from inadequate supervision of research analysts and insufficient anti-money-laundering controls to trade reporting deficiencies and improper advertising.   

Register or login for access to this item and much more

All Bank Investment Consultant 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

Don't have an account? Register for Free Unlimited Access