FINRA Manages to Attain Positive Net Income in 2016 Due to Increased Fines

Posted on July 12th, 2017 at 10:00 AM
FINRA Manages to Attain Positive Net Income in 2016 Due to Increased Fines

From the Desk of Jim Eccleston at Eccleston Law LLC:

According to FINRA’s annual financial report, the SRO’s increase in fines in 2016 allowed for it to attain a positive net income. Moreover, even though FINRA saw a drop in operating revenues from $898.7 million in 2015 to $844.6 million in 2016, it increased fines from $93.8 million in 2015 to $173.8 million in 2016.

The large increase in fines in 2016 can be attributed to the reason why FINRA achieved $57.7 million in overall net income in 2016, after losing $39.5 million in 2015.

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 advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, 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: Jim Eccleston, Eccleston Law, Eccleston Law LLC, Eccleston, FINRA

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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


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