At its current pace, the regulator will impose $85 million in fines this year, which would be a 49% increase from last year.
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An analysis by Sutherland, Asbill and Brennan LLP has concluded that the Financial Industry Regulatory Authority this year has been imposing fines at a rate that greatly exceeds the pace of 2013. So reports Financial Advisor.
At its current pace, the regulator will impose $85 million in fines this year, which would be a 49% increase from last year.