FINRA stepped up its game last year, issuing more disciplinary actions and making a number of investments to increase the scope of its regulatory oversight.
FINRA brought a total of 1,541 disciplinary actions, levied more than $69 million in fines and ordered restitution of $34 million to investors in 2012, according to its annual report, which was released Tuesday. This compares to 1,488 disciplinary actions, $71.9 million in fines and $19.4 million in restitution ordered in 2011. The average fine in 2012 was $92,700, down from $98,100 the prior year.
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