FINRA by the NumbersFINRA by the Numbers
June 24, 2014
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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.
