The Financial Industry Regulatory Authority is proposing to raise fees on the brokerages it oversees to offset a “significant loss” of revenue during fiscal 2011. The changes would include a 25 percent increase in trading fees, higher levies for FINRA’s advertising compliance reviews, and new fees for first-time members and membership applications. The new assessments were described in a letter posted on the regulator’s website from Richard Ketchum, FINRA’s chairman and chief executive. Read Bloomberg report here.
