According to a recent article in ThinkAdvisor online, the Financial Industry Regulatory Authority (FINRA) is paying more in restitution, while its fines levied and number of disciplinary cases pursued in the first half of 2017 are down. The data was compiled by FINRA’s Disciplinary and Other FINRA Actions publications and press releases from January through June 2017. According to that, FINRA ordered $38.1 million in restitution during the first six months of 2017, which could mean a 171% increase from the total restitution reported in 2016, and a 21% decrease from the record-setting amount in 2015, ($96 million.) But, out of the $38.1 million in restitution during the first six months, $24.6 million of that is attributed to one litigated case. The overall fines look to be a downward trend. During the first half of 2017, FINRA reported $23.5 million in fines compared to $79.4 million during the first half of 2016. This is a drop of more than 70%. FINRA also reported 459 disciplinary actions during the first six months of this year, a 16% decline compared to the first six months of 2016 (547 disciplinary actions.)
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