FINRA by the NumbersJun 24, 2014
The Financial Industry Regulatory Authority released its 2013 annual report on Friday, outlining its financials, operations and regulatory accomplishments in the past year.
Financially, 2013 was a solid financial year for FINRA, with the industry regulator increasing its revenues by 2.5 percent from 2012. Given its performance, FINRA’s Board approved a one-time discretionary rebate of $20 million, which translated to a $1,200 rebate on the annual minimum gross income assessment fee for all firms in good standing.
FINRA also continued to focus on risk-based examinations in an effort to prevent fraud and protect investors. Last year FINRA ordered firms to pay more than $9.5 million in restitution and as of June, the regulator has ordered firms to repay more than $26 million.
For more on FINRA’s performance over the past year, check out these facts and figures.