Financial Industry Regulatory Authority ordered $19 million returned to investors in 2011

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HOTWIRE..Dec. 19, 2011

"The Financial Industry Regulatory Authority ordered the pay out of $19 million to investors harmed by certain banking practices in 2011.

Some of the harmful financial practices investigated include misrepresentations on subprime securitizations and problems stemming from UBS  short sales. FINRA is an independent regulator that focuses specifically on ensuring investors are protected across the marketplace.

FINRA is an independent regulator that focuses specifically on ensuring investors are protected across the marketplace.

FINRA brought 1,411 disciplinary actions against individuals and firms this year and levied $63 million in fines, while pushing for $19 million in restitution to investors. Issues related to mortgage finance led to millions of dollars in restitution and fines."

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December 19 2011 - US
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Another Article...FINRA says broker fines jumped 53 pct in 2011‎



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December 19 2011
 
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