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FINRA disciplinary actions rise in 2015, fines fall
[NEW YORK] The Financial Industry Regulatory Authority (FINRA) estimated a 4.7 per cent rise in disciplinary actions last year, according to the preliminary statistics released by Wall Street's industry-funded watchdog on Tuesday.
FINRA projected 1,462 new disciplinary actions filed in 2015, up from 1,397 a year earlier.
Fines collected from individuals and firms, however, were estimated to fall to US$93.9 million in 2015 from US$134 million, according to the regulator.
FINRA also said it barred 492 individuals and expelled 25 firms during the year, while suspending 737 individuals and 1 firm.