Key Statistics
FINRA is a self-regulatory organization for member broker-dealers that is responsible under federal law for supervising our member firms. Transparency is critical to our work and ensuring trust and confidence in the markets.
The statistics below represent just some of the work we do to carry out our mission. FINRA also shares annually of some of the industry data collected in the course of its work. You can find that information in the latest FINRA Industry Snapshot.
Regulatory Operations Key Data, 2021 – 2025
| Regulatory Activity | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| New Disciplinary Actions Filed*+ | 625 | 730 | 610 | 743 | 782 |
| Fines & Disgorgement Ordered* (in millions) | $99.6 | $75.6 | $103.2 | $64.4 | $97.9 |
| Restitution Ordered* (in millions) | $17.1 | $24.0 | $7.5 | $26.2 | $47.0 |
| Expulsions (Firms)* | 1 | 4 | 5 | 7 | 1 |
| Suspensions (Firms)* | 4 | 4 | 4 | 3 | 3 |
| Bar Sanctions (Individuals)* | 187 | 182 | 178 | 227 | 269 |
| Suspension Sanctions (Individuals)* | 235 | 354 | 257 | 328 | 386 |
| Advertisements and Sales Communications Reviewed | 70,728 | 75,125 | 67,239 | 66,085 | 66,276 |
| Investor Complaints Directly to FINRA | 24,899 | 11,908 | 11,003 | 11,180 | 14,311 |
| Market Abuse Referrals Sent to the SEC, Other Regulators, and Law Enforcement | 1,759 | 1,369 | 1,935 | 1,615 | 1,651 |
| Average Market Events Processed Daily (in billions) | 884.9 | 716.0 | 546.1 | 521.0 | 336.6 |
*Includes formal complaints filed, non-summary proceedings initiated, Letters of Acceptance, Waiver and Consent (AWCs), and Minor Rule Violations (MRVs) issued, including matters resolved on behalf of exchanges pursuant to Regulatory Services Agreements. The data do not reflect matters resolved through no action or informal disciplinary action.
+FINRA prioritizes cases consistent with its key objectives, including cases that involve customer harm, particularly those involving senior and other vulnerable investors; cases where there has been harm to the integrity of the markets; cases involving recidivist behavior – where there are material repeat violations; cases involving higher risk firms and individuals; cases where the violation may not yet have resulted in quantifiable harm but nonetheless raised significant risks to investors or markets; and cases flowing from our targeted exams, or sweeps.
Corporate Financing Review 2021 – 2025
| Corporate Financing | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Public Offerings (FINRA Rule 5110) | 1,612 | 1,209 | 1,104 | 1,398 | 2,901 |
| Member Private Offerings (FINRA Rule 5122) | 340 | 216 | 37 | 45 | 47 |
| Private Placements of Securities (FINRA Rule 5123) | 2,567 | 2,344 | 2,334 | 3,807 | 3,822 |