Lobbying expenses for the Financial Industry Regulation Authority came to $450,000 in the first half of 2013, compared to the $550,000 reported at the halfway point of 2012, according to reports filed with the Clerk of the House of Representatives.
FINRA is the country's largest independent regulator of securities firms, working to protect investors by overseeing more than 4,200 brokerage firms and 600,000 brokers.
The $100,000 drop reflects increased efforts in 2012 to create a self-regulatory organization for investment advisors, positioning FINRA itself as the best candidate for the role.
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