{"id":1286,"date":"2013-07-23T11:20:37","date_gmt":"2013-07-23T11:20:37","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/07\/finra_reports_losses_after_squ"},"modified":"2022-03-10T16:37:48","modified_gmt":"2022-03-10T22:37:48","slug":"finra-reports-losses-after-squ","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-reports-losses-after-squ\/","title":{"rendered":"FINRA Reports Losses After Squandering Profit From NYSE Payment"},"content":{"rendered":"

\t\t\t\tLast month, the Financial Industry Regulatory Authority put out its yearly report for 2012. According to the results, the self-regulatory organization is hurting. Its operating losses are huge-nearing $90 million for the second year straight. Meantime, its staff has grown 13%, with benefits and compensation rising 41% in the last five years to hit $628.9 million last year. That’s a significant jump from 2007 when the SRO’s compensation and benefits was $446.1 million. Retirement and pension expenses have risen 89% in the last five years. <\/p>\n

While observers say that FINRA’s operating losses are not an immediate danger, no one can say for sure. Some are even asking how could a regulator facing potential financial trouble do its job and protect investors? Unlike its last five yearly reports, FINRA’s 2012 report pointedly says that the will keep observing the changing economy and assessing any effect on the organization. If there were to be a huge market collapse, however, FINRA’s equity would take a beating.<\/p>\n

The private SRO is the National Association of Securities Dealer’s successor. NASD’s merger with the New York Stock Exchange (NYSE) Regulatory Division is one reason for the increase in FINRA’s compensation. After its merger with the NYSE Regulatory Division, NASD soon changed its name to the Financial Industry Regulatory Authority (FINRA). <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Last month, the Financial Industry Regulatory Authority put out its yearly report for 2012. According to the results, the self-regulatory organization is hurting. Its operating losses are huge-nearing $90 million for the second year straight. Meantime, its staff has grown 13%, with benefits and compensation rising 41% in the last five years to hit $628.9 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739],"tags":[],"class_list":["post-1286","post","type-post","status-publish","format-standard","hentry","category-finra"],"yoast_head":"\nFINRA Reports Losses After Squandering Profit From NYSE Payment — Investor Lawyers Blog — July 23, 2013<\/title>\n<meta name=\"description\" content=\"Last month, the Financial Industry Regulatory Authority put out its yearly report for 2012. 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