Reuters: Regulatory News: FINRA reports $84 mln fiscal year loss

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

FINRA reports $84 mln fiscal year loss Jun 29th 2012, 18:21 June 29 | Fri Jun 29, 2012 2:21pm EDT June 29 (Reuters) - The Financial Industry Regulatory Authority reported an $84 million loss for its 2011 fiscal year, with weak industry revenue, trading volume and low investment returns among the factors contributing. The Wall Street industry funded regulator disclosed the figures in its annual report, released on Friday. FINRA is planning $35 million in spending cuts as a result. The regulator has received approval from the U.S. Securities and Exchange Commission to raise a number of its fees, including trading fees for some equities, as soon as July 2 in some instances. FINRA Chief Executive Richard Ketchum earned a total of $2.68 million in compensation during fiscal year 2011, an increase from $2.60 million in 2010, according to the report.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions