The First Five Years:
FINRA'S Top 25 Enforcement Cases
August 1, 2012
The Financial Industry Regulatory Authority (FINRA) was created on July 30, 2007, with the consolidation of the National Association of Securities Dealers and the member regulation, enforcement and arbitration operations of the New York Stock Exchange.
In the five years since, the independent regulator of brokers has brought 6,291 disciplinary actions and levied fines totaling $254.1 million.
FINRA also ordered nearly $54.5 million in restitution to harmed investors.
FINRA expelled 99 firms from the securities industry, barred 1,647 individuals and suspended 1,992 from association with FINRA-regulated firms.
Here are its 25 top enforcement cases, ranked by the fine levied, in its first five years.
