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.

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