WASHINGTON — The Financial Industry Regulatory Authority ordered securities firms and individuals to pay fines of more than $6.1 million for municipal market rule violations in disciplinary cases reported in 2012, 6% less than the $6.6 million in muni fines ordered in actions reported the previous year, according to an analysis by The Bond Buyer.

Though fines declined year-over-year, restitution amounts nearly tripled to $2 million during the most recent period, up from $747,600 the previous year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.