FINRA posts 2012 profit of $10.5 million

The Financial Industry Regulatory Authority reported a profit of $10.5 million in 2012 after losing $84 million the previous year. While revenues for the self-regulatory agency were flat, the regulator had investment earnings of $59 million, as opposed to the $12.5 million loss the agency suffered in 2011. Additionally, the implementation of a fee increase contributed to the better results, according to FINRA Chairman Richard Ketchum.

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