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.
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