For securities brokers and their firms, it pays to fight rather than settle regulatory complaints against them by the Financial Industry Regulatory Authority, according to a study of 2007 punishments.
A review of 2007 FINRA discipline proceedings found that litigating improved the chances that charges would be dismissed, financial fines lowered, suspensions shortened and even increase chances to keep resolutions confidential, according to the fourth annual analysis by the Washington office of Atlanta-based Sutherland Asbill & Brennan.
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