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FINRA says broker fines jumped 53 percent

The Financial Industry Regulatory Authority has levied more than $63 million in fines in 2011, a 53 percent increase over last year as the Wall Street watchdog pursued more cases and landed a few big fines. Year-end statistics released by FINRA on Friday showed an increase in enforcement activity this year, which commenced with the hiring of Bradley Bennett, a former Washington-based defense lawyer, as its enforcement chief. Read more on Reuters here.

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