FINRA Releases 2010 Enforcement Stats
In its 2010 Year in Review, FINRA reported that it brought 1173 disciplinary actions and levied $49 Million in fines and restitution. By comparison, in 2009, FINRA took only 993 disciplinary actions but levied $58 Million in fines and restitution. FINRA said that its sweeps and targeted exams included Regulation D offerings, placement agents, trading activity fees, direct market access, and junk bonds. During its sweep concerning retail sales of private placements, FINRA examined suitability, advertising, and fraud.