Top Five Most Heavily Fined Issues This Year (Annuities Among Them)
November 6, 2018 by Rita Raagas De Ramos
The number of disciplinary actions reported by self-regulator Finra decreased in the first six months of 2018 compared with the same period in 2017, according to Eversheds Sutherland’s latest annual midyear analysis of Finra’s disciplinary actions.
Finra reported 342 disciplinary actions during the first six months of 2018, a 25% decline compared to the first six months of 2017’s 459 disciplinary actions, the law firm notes.
The top five enforcement issues that received the most fines in total were anti-money laundering, trade reporting, suitability, variable annuities, and books and records, the law firm says.
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