03.15.24

FINRA’s Top Enforcement Issues of 2023

by: Alex Ortolani

The Financial Industry Regulatory Authority (FINRA) imposed a total of $89 million in fines on brokerage firms in 2023, a 63% increase from the previous year, according to a new report by the law firm Eversheds Sutherland. The top five enforcement issues as measured by total fines were: spoofing, which made its first appearance ever on this annual list; trade reporting; anti-money laundering; Regulation Best Interest and suitability.

Read the full article on planadviser