FINRA has no authority to bring an action in federal court to collect fines it imposes on members according to the Second Circuit Court of Appeals. Likewise, a rule the SRO issued over two decades ago under which it claimed …
Tag: FINRA
THIS WEEK IN SECURITIES LITIGATION (August 12, 2011)
The Commission brought a significant market crisis case this week, centered on the sale of complex, high risk financial instruments to unsophisticated school districts which ended in millions of dollars in losses. Insider trading was a key focus for the …
THIS WEEK IN SECURITIES LITIGATION (August 12, 2011) Read More »
Tagged with: espert network, family trading, father and son, FCPA, FINRA, FSA, insider dealing, Insider trading, PCAOB, whistleblowers