• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Experts in Risk
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2018 / January / 19 / FINRA’s Budget, Released for First Time, Shows Revenue Problems

FINRA’s Budget, Released for First Time, Shows Revenue Problems

By Securities Docket on January 19, 2018, 10:02 am

“FINRA is to be applauded for an unprecedented level of transparency into its budgeting process and financial challenges,” Brad Bennett, former FINRA enforcement chief who’s now a partner at Baker Botts in Washington, told ThinkAdvisor.

“The 2018 budget underscores the magnitude of the operational hurdles faced by FINRA and the need for significant belt tightening,” Bennett adds, pointing to the $136 million in reserves that FINRA is “committed to spend to make up for the revenue shortfall.”

The self-regulator’s 2018 budget “sends a clear signal that FINRA intends to wean itself off of its reliance on enforcement fines to bring its revenues in line with its expenses,” Bennett said.

via FINRA’s Budget, Released for First Time, Shows Revenue Problems.

Posted in Industry, Top | Tagged FINRA

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

The inside story behind the collapse of Queensland Nickel

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events