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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