HedgeWorld – The Financial Industry Regulatory Authority, the U.S. securities industry’s self-funded regulator, lost $84 million last year because of weak industry trading volume and low returns on its investment portfolio.
FINRA, whose top five executives received $6.86 million in compensation for 2011, said in its annual report released on Friday [June 29] that it is seeking approval to raise fees for its brokerage firm members “in light of our robust regulatory responsibilities but static funding levels.”
