While the Securities and Exchange Commission and other government regulators hit companies with record fines, the Financial Industry Regulatory Authority’s monetary sanctions significantly declined in 2013, despite bringing nearly the same number of disciplinary actions as it did in 2012.
The self-regulatory organization had a 27 percent decrease in fines, according to an annual review of disciplinary notices by the law firm Sutherland Asbill & Brennan. That drop doesn’t correspond with a relatively flat number of disciplinary actions, 1,535 filed in 2013, a decrease of less than 1 percent from the previous year.
