FINRA Enforcement Numbers for 2019

Posted on March 9th, 2020 at 3:06 PM
FINRA Enforcement Numbers for 2019

From the Desk of Jim Eccleston at Eccleston Law LLC:

In 2019, FINRA Enforcement ordered firms and associated persons to pay $70 million in fines, restitution and disgorgement.  Of the $70 million, $44 million was in the form of fines, including 9 fines of over $1 million.  These 9 “supersized” fines totaled $27.9 million.  Additionally, FINRA ordered roughly $24 million in restitution and $2 million in disgorgement in 2019.  

According to FINRA, from 2010 to 2018 yearly totals for fines ranged from $42 million to $174 million.

FINRA will publish an annual report of 2019 enforcement statistics this summer. 

The fines, restitution and disgorgement ordered by FINRA Enforcement are a result of the formal disciplinary actions brought by the organization.  FINRA Enforcement investigates potential securities violations and brings formal disciplinary actions against firms and associated persons.  Sanctions can be imposed either by settlement or after a contested hearing in front of FINRA’s Office of Hearing Officers. Sanctions include suspensions, fines, restitution, disgorgement and, in some cases, a bar from the securities industry.

Eccleston Law defends reps nationwide against FINRA Enforcement’s inquiries and actions.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, finra, fines, restitution, disgorgement

Return to Archive



We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele


September 23, 2022
CFP Board Lifts Interim Suspension of Former UBS Advisor

The Certified Financial Planner Board of Standards (CFP Board) has lifted an interim suspension it had imposed against a former UBS advisor after criminal fraud charges against him were recently dismissed.

September 22, 2022
FINRA Penalizes Baird Over $100 Trading Commissions

The Financial Industry Regulatory Authority (FINRA) has ordered Robert W. Baird & Co. to pay $461,481 plus interest due to allegations that the firm overcharged its clients on thousands of equity transactions for at least one year.

September 21, 2022
FINRA Arbitrators Award Nearly $470,000 To Investors in UBS YES Product

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered UBS to pay nearly $470,000 to clients who invested in a complex options strategy, known as the YES or Yield Enhancement Strategy.