Fines and disciplinary actions issued by the Financial Industry Regulatory Authority for 2012 are on track to "significantly outpace" those for 2011, according to a mid-year review released Thursday by Sutherland Asbill & Brennan.
The results of the review, conducted by Sutherland Partners Deborah Heilizer and Brian Rubin, show that during the first half of 2012, FINRA ordered broker-dealers and associated persons to pay $39.4 million in fines.
"If fines continue to be assessed at this rate, 2012 will represent a 15 percent increase from the total fines reported by FINRA in 2011," Rubin said. "Essentially, we are looking at a jump from $68 million in 2011 to projected fines of $78.4 million in 2012."
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